Select one or more: a. GDP can be measured by adding up all factor incomes paid in an economy b. GDP can be measured by adding up the value of all production by all industries. c. GDP in expenditure terms can be measured as the sum of C+I+G+X d. GDP can be measured by summing the total value added by all industries.
Select one or more: a. GDP can be measured by adding up all factor incomes paid in an economy b. GDP can be measured by adding up the value of all production by all industries. c. GDP in expenditure terms can be measured as the sum of C+I+G+X d. GDP can be measured by summing the total value added by all industries.
Economics (MindTap Course List)
13th Edition
ISBN:9781337617383
Author:Roger A. Arnold
Publisher:Roger A. Arnold
Chapter7: Macroeconomic Measurements, Part Ii: Gdp And Real Gdp
Section: Chapter Questions
Problem 4QP
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Select one or more:
a.
GDP can be measured by adding up all factor incomes paid in an economy
b.
GDP can be measured by adding up the value of all production by all industries.
c.
GDP in expenditure terms can be measured as the sum of C+I+G+X
d.
GDP can be measured by summing the total value added by all industries.
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