Multiple Choice
GDP is the market value of:
A) Resources (land, labor, capital, and entrepreneurship) in an economy in a given year
B) All final goods and services produced in an economy in a given year
C) Consumption and investment spending in an economy in a given year
D) All output produced and accumulated over the years
Correct Answer:
Verified
Correct Answer:
Verified
Q10: A nation's capital stock was valued at
Q80: The value added in an industry includes
Q131: A business buys $5,000 worth of inputs
Q132: The "underground economy" is mostly made up
Q133: Government purchases in national income accounts would
Q135: If the University of Missouri, a public
Q137: An example of final goods in national
Q138: The "statistical discrepancy" that the NIPA includes
Q139: Personal consumption expenditures include expenditures for new
Q141: GDP excludes most nonmarket transactions. Therefore, GDP