What is the equation of GDP?
GDP Review

Flashcard
•
Social Studies
•
9th Grade
•
Hard
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15 questions
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1.
FLASHCARD QUESTION
Front
Back
C + I + G + (X-N)
2.
FLASHCARD QUESTION
Front
In the GDP equation, what does the 'C' stand for?
Back
Consumer spending
3.
FLASHCARD QUESTION
Front
In the GDP equation, what does the 'I' stand for?
Back
Investment spending
4.
FLASHCARD QUESTION
Front
In the GDP equation, what does the 'G' stand for?
Back
Government spending
5.
FLASHCARD QUESTION
Front
In the GDP equation, what does the 'X' stand for?
Back
Exports
6.
FLASHCARD QUESTION
Front
In the GDP equation, what does the 'M' stand for?
Back
Imports
7.
FLASHCARD QUESTION
Front
Which of the following is the best measurement of economic growth? Nominal GDP, Real GDP, GDP per capita, Real GDP per capita
Back
Real GDP
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