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What does gross domestic product measure in circular flow diagram?
flow of money, total income, total expenditure
Which activity is an important component of the Gross Domestic Product (GDP)?
It matters by the approach you take. In the expenditure approach (C+I+G+NX) C or consumption is the largest part In the income approach, it is income given to labor In the value added approach, it is the difference between input price and output. note:all final GDP calculations arrive at the same value.
What does GDP stands for?
It stands for Gross Domestic Product
What is Iraq's gross domestic product?
Iraq's gross domestic product is 84 billion.
What is the term term for the total value of all goods and services produced in a particular economy?
Gross Domestic Product... (:
Gross Domestic Product is calculated by summing up?
Gross domestic product or GDP generally is defined as the market value of the goods and services produced by a country and is calculated per quarter. One method of calculating is summing up all expenditures in the country and is known as the expenditure approach.
What is expenditure cycle?
The expenditure cycle is a process that individual customers and companies use in finalizing their purchase. It often involves comparing prices, researching the product and determining their own need for the product.
What does gross domestic product measure in circular flow diagram?
flow of money, total income, total expenditure
Which activity is an important component of the Gross Domestic Product (GDP)?
It matters by the approach you take. In the expenditure approach (C+I+G+NX) C or consumption is the largest part In the income approach, it is income given to labor In the value added approach, it is the difference between input price and output. note:all final GDP calculations arrive at the same value.
Gross domestic product inlcudes what?
All domestically-produced sources of: Government expenditure Consumption Investment Plus: Net exports
Definition of per net state domestic product in India?
Net state Domestic Product = Gross Domestic Product(GDP) - Depreciation
What does GDP stands for?
It stands for Gross Domestic Product
What is the acronym for Gross Domestic Product?
The acronym for Gross Domestic Product is GDP.
What is Iraq's gross domestic product?
Iraq's gross domestic product is 84 billion.
What is the term term for the total value of all goods and services produced in a particular economy?
Gross Domestic Product... (:
Per capita gross domestic product is a nation's gross domestic product divided by its what?
asas
Is fixed cost relevant in determining price of a product?
The fixed cost is relevant in determining price of a product. This is a cost that is associated with the product and will contribute to the total production cost of a product.
