which of these groups contribute to total GDP?

Question

1. HUMAN RECORDS, RAW MATERIALS, CAPITAL GOODS
2. GOVERNMENT SPENDING, CAPITAL GOODS, NET IMPORTS
3. NET IMPORTS, NET EXPORTS, HOUSEHOLD SPENDING
4. NET EXPORTS, HOUSEHOLD SPENDING, GOVERNMENT SPENDING

Answer 1

All four groups contribute to total GDP:

1. Human resources contribute to GDP through their productive labor.
2. Government spending contributes to GDP as government investment and consumption.
3. Household spending contributes to GDP as consumer spending.
4. Net exports (exports minus imports) contribute to GDP as the value of goods and services produced domestically and sold abroad.