Author Question: Gross domestic product is a measure of: a. market value of a nation's capital assets (physical ... (Read 33 times)

Haya94 · **on:** Jun 30, 2018

Gross domestic product is a measure of:
a. market value of a nation's capital assets (physical capital).
b. expenditures on and sales revenues derived from all goods and services exchanged during a period.
c. market value of the output produced during a period.
d. asset holdings of people and the happiness that they derived from the ownership of those assets.

Question 2

The largest component of GDP is:
a. personal consumption expenditures.
b. government spending.
c. durable goods.
d. net exports.
e. gross private domestic investment.