The expenditure method of calculation of GDP is as follows: GDP = Consumption + Investment + Government Spending + Net Exports
a. True
b. False
Indicate whether the statement is true or false
True
Economics
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The three broad types of resources used to produce goods and services are also known as:
A) economic systems. B) factors of production. C) production possibilities. D) financial capital.
Economics
The business cycle is usually illustrated using movements in
A) the inflation rate. B) labor productivity. C) real GDP. D) the size of the labor force.
Economics