GDP includes purchases of U.S. made products by the federal government, consumers and private businesses in...

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Question

GDP includes purchases of U.S. made products by the federal government, consumers and private businesses in...

GDP includes

purchases of U.S. made products by the federal government, consumers and private businesses in the U.S. only.

all purchases of products from the federal government, consumers in the U.S. and around the world.

purchases of U.S. made products by consumers, private businesses and the government sector.

business economics

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Answer 1

Answer #1

It can be mentioned that GDP from the consumption method includes the total value of all the goods and services within a country and United States in this case in a year. Among the given options rest of the world is not included but the goods produced in US by other consumers are included

Therefore (c) purchases of U.S. made products by consumers, private businesses and the government sector is the answer to that question

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Answer 2

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Question 1 Real measurements are expressed in constant dollars. expressed in current dollars. expressed using today’s...

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GDP includes purchases of U.S. made products by the federal government, consumers and private businesses in...

Homework Answers

Add Answer to: GDP includes purchases of U.S. made products by the federal government, consumers and private businesses in...

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