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- Subject
- Economics Mcqseconomics-mcqs
- Published
- 25 Feb 2025
- Last updated
- 28 May 2026
Which of the following does not constitute a part of the Gross Domestic Product (GDP)?
Multiple choice question for Economics Mcqs. Select an option, then review the explanation below.
Explanation
GDP is calculated using the formula: GDP = C + I + G + (X - M), where C stands for household consumption, I for business investments, G for government spending, and (X - M) for net exports. The unemployment rate is excluded because it measures labor market conditions rather than economic output.
More Economics Mcqs
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- 2.Automatic stabilizers belong to which category of economic policy tools?
- 3.What is the likely effect of an increase in the money supply?
- 4.Which economic concept illustrates the inverse connection between inflation and unemployment?
- 5.Which of the following best describes classical economics?