Gross domestic product (GDP) is equal to personal consumption expenditures:
A. plus gross private domestic investment, plus government purchases, and plus net exports.
B. plus gross private domestic investment, minus government purchases, and plus net exports.
C. minus gross private domestic investment, plus government purchases, and plus net exports.
D. plus gross private domestic investment, plus government purchases, and minus net exports.
Answer: A
You might also like to view...
The sustained expansion of production possibilities is called
A) opportunity cost of growth. B) production possibilities. C) economic growth. D) economic investment. E) production expansion.
The deadweight loss with perfect price discrimination is
A) equal to the deadweight loss of a single-price monopoly. B) sometimes less than and sometimes more than the deadweight loss of a single-price monopoly. C) more than the deadweight loss of a single-price monopoly. D) zero. E) larger than the deadweight loss with perfect competition.
The marginal cost of additional health care when there are copayments is zero
a. True b. False
Which functions of money could each item fulfill?
