Reference: Ref 6-4 (Table: Economic Data) Use the Spending Approach

question 9

Multiple Choice

Reference: Ref 6-4 (Table: Economic Data) Use the spending approach to national income accounting to calculate GDP for this country.

• A) $1,831
• B) $2,651
• C) $2,191
• D) $1,911.7

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Definitions:

Securities

Marketable securities embodying equity in publicly-operated corporations, claims of debt owed by governments or firms through bonds, or opportunities for ownership via options.

Original Sale

The first sale of an item or property after its initial acquisition or production.

Financial Engineering

The use of mathematical techniques to solve financial problems, including designing new financial products and strategies.

Securities

Securities that signify ownership stakes in companies (equities), lending agreements with governments or businesses (bonds), or entitlements to ownership through options.