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Question

The formula to calculate GDP is C+1+G+X
Which of the following is NOT one of the components of GOP?
Consumer Spending
Net Exparts
Investment Spending
Government Taxes

The formula to calculate GDP is C+1+G+X Which of the following is NOT one of the components of GOP? Consumer Spending Net Exparts Investment Spending Government Taxes

Solution

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Ana Veterano · Tutor por 9 anos

Resposta

The correct answer is: Government Taxes.Explanation: The formula to calculate GDP is C + I + G + X, where C represents consumer spending, I represents investment spending, G represents government spending, and X represents net exports. Government taxes are not included as a component of GDP.