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Author Question: Which of the following is nota component of gross domestic product? (Read 66 times)

berenicecastro

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Question 1

The GDP of the United States in 2014 was around $17.4 trillion. This means


◦ that the value of output produced in the U.S. in 2014 was around $17.4 trillion.
◦ that total income in the U.S. in 2014 was more than $17.4 trillion.
◦ that total spending in the U.S. in 2014 was more than $17.4 trillion.
◦ that the value of output produced by U.S.-owned resources was less than $17.4 trillion.

Question 2

Which of the following is 
not a component of gross domestic product?


◦ net exports
◦ government purchases
◦ purchases by consumers of used goods
◦ purchases by consumers of finished goods


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Marked as best answer by berenicecastro on Apr 19, 2019

InfiniteSteez

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berenicecastro

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Reply 2 on: Apr 19, 2019
:D TYSM


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Reply 3 on: Yesterday
Wow, this really help

 

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