The expenditure method of measuring GDP is calculated by adding up:
a. the final goods and services produced domestically during a given period

b. C + I + G + (X M).
c. domestic production of final goods and services for consumers, firms, government, and the international sector (through net exports).
d. all of the above.

d

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In the real economy, income taxes are generally proportional or progressive

What will be an ideal response?

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In the figure above, the equilibrium market price is $20. The producer surplus is shown by the area

A) A. B) B. C) A + B. D) A รท B. E) A - B.

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