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Questions and Answers
Which of the following is NOT a requirement to be included in the GDP?
Which one of these is the correct definition of GDP?
What does GDP stand for?
Which letter is used to represent government spending in the GDP equation?
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Which of the following is NOT one of the four sectors of the economy used to calculate GDP?
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Which of the following is included in the calculation of GDP?
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What is the formula to calculate GDP?
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Which of the following is NOT a component of GDP?
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What does the letter X represent in the GDP equation?
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Which of the following is NOT true about GDP?
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Which of the following best describes a recession?
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What is the final phase of the business cycle called?
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What is a depression?
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What is stagflation?
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When is a business cycle considered complete?
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What is the definition of a trough?
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Which of the following best describes a recession?
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What is the definition of a recession?
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What is a depression?
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What is stagflation?
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Which form of GDP states GDP in terms of the current value of goods and services?
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What is real GDP?
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What is the underground economy?
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What does GDP not show?
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What is Gross National Product (GNP)?
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What is Net National Product (NNP)?
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What is National Income (NI)?
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What is Personal Income (PI)?
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What is Disposable Personal Income (DPI)?
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What are the four stages of the business cycle?
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