GDP

Question 1

C

Answer 1

Consumer spending on final goods and services

Question 2

I

Answer 2

Gross private domestic investment, which includes business investment in capital goods

Question 3

G

Answer 3

Government spending on final goods for both current goods and investment in capital goods

Question 4

X

Answer 4

Exports

Question 5

M

Answer 5

Imports

Question 6

C + I + G + ?

Answer 6

? = (X - M)

Question 7

(X - M) + (I + Gi) + ?

Answer 7

? = (C + Gc)

Question 8

GDP measures

Answer 8

The outflow and inflow of capital within an economy

Question 9

Nominal GDP

Answer 9

Is measuring goods at a current price

Question 10

Real GDP

Answer 10

Is measuring the price of goods at the base price