Which of the Following Is Not Correct

question 94

Multiple Choice

Which of the following is not correct?

• A)Gross domestic product is both total income in an economy and total expenditures on the economy's output of goods and services.
• B)In a closed economy net exports are zero.
• C)National saving is the sum of private saving and public saving.
• D)Purchases of capital goods are excluded from GDP.

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Definitions:

Specific Environment

The external factors and influences that are directly relevant and impactful to an organization's operations, including competitors, customers, and suppliers.

Dynamic Force

Represents the energy or motivation that drives change and movement within various contexts, often related to organizations or personal development.

General Environment

The overall conditions and factors external to a business that affect its strategy and performance, such as economic, social, and political conditions.

Wheel of Innovation

A conceptual tool used to illustrate the cyclic process of innovation, from idea generation to implementation.