Which of the Following Identities Shows That GDP Is Both

question 38

Multiple Choice

Which of the following identities shows that GDP is both total income and total expenditure?

• A) GDP = Y
• B) Y = PI + DI + NX
• C) GDP = GNP - NX
• D) Y = C + I + G + NX

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Definitions:

Aerobic Exercise

Any form of physical exercise that relies on the oxygen process, typically involving moderate intensity activities sustained over long periods.

External Locus

The belief that one's outcomes in life are determined by external forces or events, rather than by one's own efforts.

Type B

Describes a personality typology characterized by a relaxed, patient, and easy-going nature.

Type A

Refers to a personality type characterized by high levels of competitiveness, self-imposed stress, and a sense of urgency, often linked with stress-related health issues.