Ask Question
25 August, 00:15

Gross Domestic Product is equivalent to the sum of: a Consumer spending, consumption of fixed capital, government purchases and exports b Consumer spending, investment spending, government purchases, and exports c Consumer spending, inventory spending, government purchases and net exports d Consumer spending, investment spending, government purchases and net exports e Consumer spending, investment spending, government purchases, exports, and imports

+5
Answers (1)
  1. 25 August, 00:34
    0
    d Consumer spending, investment spending, government purchases and net exports

    Explanation:

    The formula to compute the gross domestic product is shown below:

    = Consumption spending + Investment spending + Government purchase + Net exports

    where,

    Net exports = Exports - imports

    It is a combination of Consumer spending, investment spending, government purchases, and net exports

    Therefore, the most appropriate option is d.
Know the Answer?
Not Sure About the Answer?
Find an answer to your question 👍 “Gross Domestic Product is equivalent to the sum of: a Consumer spending, consumption of fixed capital, government purchases and exports b ...” in 📗 Business if the answers seem to be not correct or there’s no answer. Try a smart search to find answers to similar questions.
Search for Other Answers