*The statement that GDP = C + I + G + X – M is an identity, because ________________________________.
A. trade surpluses can be either good or bad
B. trade deficits can be either good or bad
C. it is true according to the definition of GDP
D. each trade is conducted on a voluntary basis
Answer:C
*The statement that GDP = C + I + G + X – M is an identity, because ________________________________.
A. trade surpluses can be either good or bad B. trade deficits can be either good or bad C. it is true according to the definition of GDP D. each trade is conducted on a voluntary basis
Explanation: Type: Multiple Choice