Questions and Answers
Which of the following is NOT a factor measured by GDP?
Government spending
Which of the following is NOT a requirement for calculating GDP?
Goods and services must be sold within the time period, regardless of when they are produced
Which of the following is the correct formula for calculating GDP?
GDP = consumption + investment + government spending + net exports
Which of the following is the correct definition of nominal GDP?
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Which of the following is the correct definition of real GDP?
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