ECONOMICS
BUSINESS CYCLES
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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To calculate GDP, the government adds up
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government spending
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consumer spending
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investments and (exports-imports)
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all of the above
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Explanation:
Detailed explanation-1: -GDP can be calculated by adding up all of the money spent by consumers, businesses, and the government in a given period. It may also be calculated by adding up all of the money received by all the participants in the economy. In either case, the number is an estimate of “nominal GDP."
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