GDP Can Be Computed as the Sum of

question 266

Multiple Choice

GDP can be computed as the sum of

• A) all sales that have taken place in an economy over a period of time.
• B) the total expenditures of consumers and business over a period of time.
• C) the total expenditures of consumption, investment, and government expenditure on goods and services over a period of time.
• D) the total expenditures of consumption, investment, government expenditure on goods and services, and net exports over a period of time.

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Definitions:

Reliable Ratio

A consistent and dependable proportion between two quantities or variables.

Classes

Categories or groups of objects that share common characteristics or attributes.

Members

Individuals or items belonging to a group, set, or category.

Distributions

The way in which values, objects, or events are spread out or dispersed over a range or area.