Multiple Choice
In a closed economy, the components of GDP are:
A) consumption, investment, government purchases, and exports.
B) consumption, investment, government purchases, and net
C) exports. consumption, investment, and government purchases.
D) consumption and investment.
Correct Answer:

Verified
Correct Answer:
Verified
Q22: All of the following actions increase government
Q28: If the production function describing an economy
Q31: Economic profit is zero if:<br>A)all factors are
Q36: The public policy implication of Goldin and
Q63: According to Euler's theorem, if competitive firms
Q73: In the long run, the level of
Q130: What determines the distribution of national income
Q161: In the long run, what determines the
Q165: The government spending component of GDP includes
Q168: Private saving is:<br>A) income minus consumption minus