Which of the Following Expressions Equals GDP

question 338

Multiple Choice

Which of the following expressions equals GDP?

• A) compensation of employees + consumption + depreciation + net investment
• B) compensation of employees + net interest + rental income + depreciation + corporate profits + proprietors' income + indirect taxes - subsidies
• C) compensation of employees + net exports + depreciation + corporate profits
• D) compensation of employees + gross investment + rental income + depreciation + corporate profits + indirect taxes - subsidies

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Definitions:

Multiple Regression

A technique in statistics that applies multiple explanatory factors to anticipate the response of a variable of interest.

Predictor Variables

Variables that are used to predict or explain outcomes in a statistical model.

Degrees of Freedom

The quantity of autonomous variables or amounts that can change in the computation of a statistic.

Dummy Variables

Numerical variables used in regression analysis to represent subgroups of the sample in your study.