Let C Represent Consumption Expenditure, S Saving, I Gross Private

question 50

Multiple Choice

Let C represent consumption expenditure, S saving, I gross private domestic investment, G government expenditure on goods and services, and X - M net exports of goods and services. Then GDP equals

• A) C + S + G + X - M.
• B) C + S + G - X - M.
• C) C + I + G + X - M.
• D) C + I + G - X - M.

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Definitions:

Liquidation

The process of winding up a company's financial affairs by selling off its assets to pay creditors and distribute any remaining assets to the shareholders.

Liabilities

Financial obligations or debts owed by a business or individual to creditors.