Which of the Following Is Included in GDP Computation According

question 46

Multiple Choice

Which of the following is included in GDP computation according to the income method?

• A)Consumption
• B)Profits
• C)Investment
• D)Government spending
• E)Imports

---

Definitions:

Surplus

A situation where the quantity of a product or resource exceeds the quantity demanded or utilized.

Producer Surplus

The difference between what producers are willing to accept for a good or service versus what they actually receive, reflecting additional benefit to producers.

Tariff

A tariff is a tax imposed by a government on imported or exported goods, often used to protect domestic industries or to generate revenue.

Trade

The exchange of goods, services, or both, between parties, either within an economy or between economies.