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Loraine Loraine
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9 years ago
If consumption was 70 percent of GDP and investment and government expenditure were both 18 percent each, then we see that
A) GDP can be over 100 percent because it is "gross" rather than "net."
B) the error is due to rounding.
C) exports must be less than imports.
D) exports must be more than imports.
E) we must subtract depreciation from investment so that the components of GDP do not exceed 100 percent.
Textbook 
Essential Foundations of Economics

Essential Foundations of Economics


Edition: 7th
Authors:
Read 221 times
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Start by doing what's necessary; then do what's possible; and suddenly you are doing the impossible.
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VincenzoDVincenzoD
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9 years ago
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Loraine Author
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9 years ago
Smart ... Thanks!
byehoe
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Helped a lot
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This calls for a celebration Person Raising Both Hands in Celebration
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