In a Closed Economy,which of the Following Components of GDP

question 190

Multiple Choice

In a closed economy,which of the following components of GDP is not included?

• A)investment
• B)government spending
• C)net exports
• D)consumption

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Definitions:

Reciprocity Theory

An exchange theory that focuses on conflict, risk, and the expressive value of exchange.

Reciprocal

A mutual exchange whereby both parties involved provide or receive something of similar value.

Negotiated

Reached through discussion and compromise, often referring to agreements or settlements where all parties involved have had the opportunity to contribute to the terms.

Equal Status

A condition or situation where all individuals or groups involved have the same rank, value, or importance, and are treated equally.