The GDP of a Closed Economy Is the Sum of Consumption

question 5

True/False

The GDP of a closed economy is the sum of consumption, investment, government purchases and imports.

---

Definitions:

Consistent

Showing steady conformity to a set of standards, patterns, or behaviors over time.

Brand Extension

The use of an existing brand name for a new product or category in the same brand portfolio.

Social Media Presence

The extent to which a brand or individual actively maintains profiles and engages with audiences across social networking platforms.

Customer Relationships

The dynamic interactions and experiences between a business and its customers, aiming to foster loyalty and satisfaction.