Which TWO of the following statements are correct?a. The value of unsold goods that have been produced over the year is not included in GDP.b. In most countries, consumers' expenditure is the biggest item in Gross Domestic Product.c. Government spending on goods and services does not add to Gross Domestic Product.d. Gross domestic product is a stock, not a flow.e. Gross Domestic Product measures the total final spending in the economy, or equivalently the total of incomesgenerated.

GDP - it is the value of all finished goods and service produced within a country within specific…

Which TWO of the following statements are correct? O a. The value of unsold goods that have been produced over the year is not included in GDP. O b. In most countries, consumers' expenditure is the biggest item in Gross Domestic Product. O c. Government spending on goods and services does not add to Gross Domestic Product. O d. Gross domestic product is a stock, not a flow. O e. Gross Domestic Product measures the total final spending in the economy, or equivalently the total of incomes

Which TWO of the following statements are correct? O a. The value of unsold goods that have been produced over the year is not included in GDP. O b. In most countries, consumers' expenditure is the biggest item in Gross Domestic Product. O c. Government spending on goods and services does not add to Gross Domestic Product. O d. Gross domestic product is a stock, not a flow. O e. Gross Domestic Product measures the total final spending in the economy, or equivalently the total of incomes

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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F3.
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