Exam (elaborations)
Econ 202 Exam 1 – Gillette Questions with Correct Answers
- Course
- Institution
4 Components of GDP Correct Answer-1) Consumption Spending (not including spending on new houses) 2) Investment Spending (drops MORE in a recession) 3) Government Purchases (does not include transfer payments, i.e. social security) 4) Net Exports (exports - imports) GDP Equals Correct Answer-...
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