GDP can be found by adding up either all of the _____ or all of the _____ in the economy.
A) spending; taxes
B) spending; income
C) investment; income
D) net interest payments; taxes

Question

Quizplus · Accepted Answer

GDP can be found by adding up all of the spending or all of the income in the economy. Option A is incorrect as taxes are not used to calculate GDP, but rather a component of spending. Option C is partially correct as investment is a component of spending used to calculate GDP, but income is needed as well. Option D is incorrect as net interest payments are included in income, not spending.

GDP Can Be Found by Adding Up Either All of the _____