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Author Question: The GDP of a country can be derived by summing the: a. expenditures on final goods and services ... (Read 151 times)

charchew

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  • Posts: 579
on: Jun 30, 2018
The GDP of a country can be derived by summing the:
 a. expenditures on final goods and services produced domestically during the year.
  b. payments to employees and owners of capital resources and then subtracting depreciation and indirect business taxes.
  c. market value of all goods and services produced domestically during the period and then subtracting net exports from that figure.
  d. income payments to the resource suppliers and net exports.

Question 2

GDP is a measure of:
 a. domestic production.
  b. changes in the general level of prices.
  c. material well-being.
  d. social welfare.


janeli1

  • Sr. Member
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Reply #1 on: Jun 30, 2018
Answer to Question 1

a

Answer to Question 2

a


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