How Can GDP Be Calculated

question 135

Multiple Choice

How can GDP be calculated?

• A)By adding together consumption,gross investment,government purchases,exports and imports.
• B)By adding together gross investment,government purchases,consumption and net exports.
• C)By adding together consumption,gross investment,wages and rents.
• D)By adding together consumption,gross investment,government purchases,and subtracting imports.

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Definitions:

Substitution Reaction

A type of chemical reaction where one atom or group of atoms in a molecule is replaced by another atom or group of atoms.

ΔG° Value

Represents the standard free energy change of a reaction at constant temperature and pressure, indicating the spontaneity of the process.

Standard Conditions

The set of established conditions including 0°C (273.15 K) and 1 atmosphere pressure used as a baseline to measure properties of substances.

Equilibrium Constant

A numerical value that expresses the ratio of concentrations of products to reactants at equilibrium, specific for a given reaction at a given temperature.