C + net I + G + X equals
A. GDP.
B. PI.
C. DPI.
D. NDP.
Answer: D
You might also like to view...
Which of the following can give rise to a negative externality?
A) Smoking a cigarette B) Planting a tree C) Consuming vegetarian food D) Working for long hours
Suppose the government does not provide an incentive payment to producers under a production quota policy, and the amount that may be produced and sold by firms is limited by law in order to raise the market price to the support price
Do producers still gain surplus value under this version of the production quota policy? A) Yes, they would always achieve a larger producer surplus under this version of the policy B) Yes, as long as the surplus value gained from consumers exceeds the amount of producer surplus lost from production quantities that are no longer produced C) No, they would always face a decrease in producer surplus without the government incentive payment D) No, the change in producer surplus is always negative due to the gains achieved by consumers
There is a negative relationship between the price level and which components of GDP?
A. C, I, and G B. I, G, and NX C. C, G, and NX D. C, I, and NX
The total expenditure on goods and services in a country must be the same as the total income earned from selling goods and services because:
a. the government's annual budget has to balance. b. net exports in an economy is usually zero. c. one sector's expenditures are another sector's income. d. total investment in an economy always equals total saving. e. the sum of consumption spending and saving is zero.