Economics 1022A/B Study Guide - Quiz Guide: Net Domestic Product, Pearson Education, Final Good

• School: Western University
• Department: Economics
• Course: Economics 1022A/B
• Professor: Prof

Document Summary

Economics: canada in the global environment, 7e (parkin) Gdp: final goods and services produced in canada by foreigners are part of canada"s gdp, final goods and services produced in canada by foreigners are imports, final goods and services produced in canada by foreigners are exports. Topic: gross domestic product: the circular flow diagram illustrates the expenditures made by, households only, households and firms only, households and investors only, firms, households, and governments only, households, firms, governments, and the rest of the world. 2010 pearson education canada: complete the following sentence. Net exports equals: exports divided by imports, exports plus imports, exports minus imports, imports minus exports, foreign borrowing by residents of canada minus domestic borrowing by nonresidents of. Topic: gross domestic product: in the national income and expenditure accounts, government expenditure refers to spending on goods and services by, federal and provincial governments only, the federal government only.