ECONOMICS
GDP
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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The economy can be measured in two different ways. This includes adding up all of the ____ or ____
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spending; government receipts
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government receipts; federal debt
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federal debt; personal loans
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income produced; spending
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Explanation:
Detailed explanation-1: -Economic well-being measures like GDP per capita and inflation and employment trends.
Detailed explanation-2: -Measuring GDP. GDP measures the monetary value of final goods and services-that is, those that are bought by the final user-produced in a country in a given period of time (say a quarter or a year). It counts all of the output generated within the borders of a country.
Detailed explanation-3: -Quarterly growth at an annual rate. The four-quarter or “year-over-year” growth rate. The annual average growth rate.
Detailed explanation-4: -Income Method. Product/ Value Added Method. Expenditure Method.
There is 1 question to complete.