Author Question: Gross domestic product (GDP) is A) the value of all final goods and services produced in a ... (Read 104 times)

tnt_battle · **on:** Jun 29, 2018

Gross domestic product (GDP) is

A) the value of all final goods and services produced in a country during a year.
B) the sum of consumption expenditure, investment, government expenditure on goods and services, and net exports.
C) the sum of compensation of employees, proprietors' income, net interest, rental income, corporate profits, depreciation, and indirect business taxes minus subsidies.
D) all of the above.

Question 2

The term capital, as used in macroeconomics, refers to

A) the amount of money that someone can invest in a new venture.
B) the amount of money a firm can raise in the stock market.
C) physical capital.
D) All of the above answers are correct.