How is GDP computed?
A) add up the quantities of all final goods and services within a country
B) add up the cost of producing final goods and services within a country
C) use weights determined by a survey regarding how much people value different sorts of goods and services to compute GDP as a weighted average
D) add up the market values of all final goods and services produced within a country in a given period of time
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Q1: In a simple circular-flow diagram, how are
Q3: In a simple circular-flow diagram, why is
Q4: According to the simple circular-flow model, what
Q5: In order to include many different products
Q6: What does the simple circular-flow diagram illustrate?
A)
Q7: Which of the following is the best
Q8: What is the goal of macroeconomics?
A) to
Q9: Why does expenditure equal income?
A) because firms
Q10: Which market is the model of supply
Q11: Which question is more likely to be
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