Multiple Choice
Let C = consumption, I = private investment, G = government purchases, and Xn = net exports. Which of the following best represents the equation for GDP?
A) GDP = C+ I + G − Xn
B) GDP = C + I + G + Xn
C) GDP = C + I + G + net imports
D) GDP = C + I + G + tax revenues + Xn
Correct Answer:
Verified
Correct Answer:
Verified
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