According to the circular-flow diagram, GDP can be computed as either the revenue firms receive from the sales of goods and services or the payments firms make to factors of production. The correct answer is option(c).
Gross domestic product (GDP) is a financial measure of the market worth of all the last merchandise and duties produced and convinced in a particular age by nations. Due to its complex and emotional character, this measure is frequently corrected before being deliberate a reliable sign. GDP is the main cause it gives facts about the size of the frugality and in what way or manner frugality is operating.
Revenue is the total amount of revenue produced for the apiece sale of merchandise or duties in connection with the guest's basic operations. Revenue, as known or named at another time or place gross transactions, is frequently referred to as the "top line" cause it sits situated above the revenue report.
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