GDP Determination
Not what you're looking for?
23) GDP may be found by:
a) adding together $ spent on goods and services and incomes received by the factors of production
b) subtracting incomes received by the factors of production from the $ spent on gooods and services
c) subtracting the $ spent on goods and services from the incomes received by the factors of production
d) adding the $ spent on final goods and services.
Purchase this Solution
Solution Summary
GDP is briefly illustrated in this solution.
Solution Preview
23) GDP may be found by:
d) adding the $ spent on final goods and services
"GDP is a measure of all the goods and ...
Purchase this Solution
Free BrainMass Quizzes
Basics of Economics
Quiz will help you to review some basics of microeconomics and macroeconomics which are often not understood.
Elementary Microeconomics
This quiz reviews the basic concept of supply and demand analysis.
Economics, Basic Concepts, Demand-Supply-Equilibrium
The quiz tests the basic concepts of demand, supply, and equilibrium in a free market.
Pricing Strategies
Discussion about various pricing techniques of profit-seeking firms.
Economic Issues and Concepts
This quiz provides a review of the basic microeconomic concepts. Students can test their understanding of major economic issues.