Question

Help please. i need this today i'm sorry it's alote.

1.) What is the best definition of gross domestic product, or GDP?
A. money paid to the government in taxes to support public goods and services
B. the value of all goods and services produced within domestic borders
C. the value of exports minus the total value of imports
D. a period of decline in overall income and employment


2.) In a circular flow diagram, what flows from households to businesses?

A. income

B. land

C. expenditures

D. goods


3.) What does a rise in per capita GDP indicate?

A. increased productivity

B. better trade deals

C. more bank loans

D. increased population


4.) Mr. Lee received a raise at a job this year, but he finds that he has less money to spend each month even though his spending habits are the same. What is the most likely reason for this situation?


A. The supply of goods and services has risen.

B. Unemployment has dropped across the country.

C. Mr. Lee is not tracking his finances.

D. Inflation was greater than Mr. Lee's raise.

Answer 1

1. A
2.(not sure)
3.(not sure)
4.D

Answer 2

I dont know the answer because i am in grade 3

Step-by-step explanation: