GDP

What is the formula to discover GDP?

• GDP= C+I+G+Xn

• GDP= C-I-G-Xn

• C+I+M-(X+G)= GDP

What does the I stand for in the GDP formula?

• Income
• Investment
• Internet

What does the C stand for in the GDP formula?

• Customers

• Count

• Consumption

What does the G stand for in the GDP formula?

• Governing
• Government
• Goal

What does the X stand for in the GDP formula?

• Net Expenses
• Experience
• Net Exports

What does the "n" stand for in the GDP formula?

• Value of exports minus imports

• Value of imports minus exports

• Value of imports

What is meant by GDP?

• General Domestic Product
• Gross Domestic Product
• Great Domestic Product

What is meant by per capita?

• Per capital city
• Per captain
• Per person

A person buys a refrigerator for their house

• Consumer spending

• Government spending

• Investment spending

• Net exports of goods and services

A teacher buys a present for a friend

• Consumer spending

• Government spending

• Investment spending

• Net exports of goods and services