In a Static (Accounting) Sense, a Nation's GDP Can Be

question 39

Multiple Choice

In a static (accounting) sense, a nation's GDP can be represented by the following equation: where C = consumption spending, I = investment spending, G = government spending, X = exports of goods and services, and M = imports of goods and services.

• A) GDP = C + I + G + M - X
• B) GDP = C + I + G + X - M
• C) GDP = C + I - G + X - M
• D) GDP = C + I + G + X + M

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Definitions:

Hilum

Indented surface on many organs, serving as a point where nerves and vessels enter or leave.

Glomerulus

A cluster of blood vessels in the kidney that filters blood, initiating the process of urine formation.

Capillaries

The smallest blood vessels in the body's circulatory system, responsible for the exchange of oxygen, carbon dioxide, and other substances between blood and tissues.

Bowman Capsule

A double-layered structure surrounding the glomerulus of each nephron in the kidneys, involved in filtration of blood to form urine.