Author Question: Which part of this definition for GDP is incorrect? GDP measures the: a. Market value of, b. All ... (Read 68 times)

elizabeth18 · **on:** Jun 30, 2018

Which part of this definition for GDP is incorrect? GDP measures the:
a. Market value of,
b. All final and intermediate goods and services,
c. Produced,
d. By domestically owned or foreign-owned resources,
e. Over a given period of time.

Question 2

A deficit in the current account means:
a. Actually, a deficit in the current account is impossible. It must equal zero.
b. Imports of goods and services exceed exports of goods and services.
c. The sum of the financial and capital accounts is positive.
d. The sum of exports of goods and services plus net international income is negative.
e. The sum of the financial, capital, and reserve accounts is positive.