Which of the Following Is NOT a Component of Gross

question 104

Multiple Choice

Which of the following is NOT a component of gross domestic product?

• A) net exports
• B) government purchases
• C) purchases by consumers of used goods
• D) purchases by consumers of finished goods

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Definitions:

Factor

An element that contributes to a particular result or situation, often used as a variable in experiments and statistical analysis.

Levels

Distinct and gradated stages within a hierarchy or process.

Factor

A variable that is manipulated in an experiment to determine its effect on the dependent variable, or a value that influences results in various contexts.

Factorial ANOVA

A statistical test used to determine the effect of two or more independent variables at multiple levels on a dependent variable.