Of the Following,which Factor Is NOT Included in the Total

question 32

Multiple Choice

Of the following,which factor is NOT included in the total value of GDP:

• A) goods and services which are produced and purchased domestically for consumption
• B) government spending business
• C) investments within the economy
• D) business investments in other countries
• E) goods produced for export purposes

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Definitions:

Prices

The amount of money required to purchase goods or services, typically determined by factors such as demand, supply, and production cost.

Demand Curve

A graph showing the relationship between the price of a product and the quantity of the product that consumers are willing and able to purchase at that price.

Marginal Revenue Curve

A graphical representation showing how marginal revenue varies with changes in the quantity of output sold.

Average Revenue Curve

Represents the relationship between the price of a product and the quantity sold, showing how revenue changes with varying levels of output.