Ask Question
BusinessBusiness
24 July, 21:18

In a closed economy, the components of GDP are: Group of answer choices consumption, investment, government purchases, and exports. consumption, investment, and government purchases. consumption and investment. consumption, investment, government purchases, and net exports.

+4
Answers (1)
  1. 24 July, 21:24
    0
    consumption, investment, and government purchases

    Answer: Option 2.

    Explanation:

    GDP is the gross domestic product which tells the growth rate of the economy at a particular period of time may be in a particular year. There are certain components which affect the gross domestic product of a country.

    In case the economy is closed, that is there is no trade of that particular country with the other countries of the world, then the growth rate of the country is affected by the components like the investment made, the purchases done in the government or the consumption rate.
Know the Answer?
Not Sure About the Answer?
Find an answer to your question 👍 “In a closed economy, the components of GDP are: Group of answer choices consumption, investment, government purchases, and exports. ...” 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
You Might be Interested in
Revenue expenditures: Multiple Choice Are known as balance sheet expenditures because they relate to plant assets. Extend the asset's useful life. Substantially benefit future periods. Are debited to asset accounts when incurred.
Answers (1)
The language of price controls Suppose that, in a competitive market without government regulations, the equilibrium price of milk is $3.50 per gallon.
Answers (1)
LO 8.4The fixed factory overhead variance is caused by the difference between which of the following? actual and standard allocation base actual and budgeted units actual fixed overhead and applied fixed overhead actual and standard overhead rates
Answers (2)
Suppose the standard deviation of the losses had been $3000 instead of $1000. What would the larger standard deviation do to the width of the confidence interval (assuming the same level of confidence) ?
Answers (1)
Rachel's Recordings reported net income of $250,000. Beginning balances in Accounts Receivable and Accounts Payable were $18,000 and $23,000 respectively. Ending balances in these accounts were $10,500 and $30,000, respectively.
Answers (1)
New Questions in Business
A retired person with $200,000 to invest states that "current income" is her main investment objective. Which of the following would be most suitable? (A) High yield bonds and growth stocks (B) Municipal bonds, U. S.
Answers (1)
How do compliments and substitutes affect demand?
Answers (1)
Non-trade receivables should be reported separately from trade receivables. Why is this statement either true or false? A) It is true because trade receivables are current assets and non-trade receivables are long term.
Answers (1)
In general, a visionary organization asks what three types of questions to specify its foundation, set a direction, and formulate strategies? why, when, where what, by whom, how why, what, how how, when, where who, why, when
Answers (1)
The United States wanted overseas territories because the territories had A) access to ports. B) customers who would buy U. S. products. C) connections with European nations. D) access to raw materials.
Answers (1)
Home » Business » In a closed economy, the components of GDP are: Group of answer choices consumption, investment, government purchases, and exports. consumption, investment, and government purchases. consumption and investment.
Sign Up Forgot Password?