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Business, 28.12.2019 00:31 leannamat2106

Which of the following is not correct?

a. gross domestic product is both total income in an economy and total expenditures on the economy’s output of goods and services.
b. in a closed economy net exports are zero.
c. national saving is the sum of private saving and public saving.
d. purchases of capital goods are excluded from gdp.

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Which of the following is not correct?

a. gross domestic product is both total income...

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