Multiple Choice
Gross domestic product serves as a measure of two things:
A) the total spending of everyone in the economy and the total saving of everyone in the economy.
B) the total income of everyone in the economy and the total expenditure on the nation's output of goods and services.
C) the value of the nation's output of goods and services for domestic citizens and the value of the nation's output of goods and services for the rest of the world.
D) the nation's saving and the nation's investment.
Correct Answer:

Verified
Correct Answer:
Verified
Q2: When an American doctor opens a practice
Q5: Statistics that are of particular interest to
Q6: Table 23-2. The information in the table
Q9: To compute GDP,we<br>A)add up the wages paid
Q10: For monitoring fluctuations in the national economy,which
Q11: Which government entity prepares the U.S.national income
Q23: Which of the following statements about GDP
Q44: An American company operates a fast food
Q89: A U.S.publisher purchases new computers that were
Q302: In 2004,the level of U.S.real GDP was