Which of the following is not included when using the expenditure approach to compute GDP?

a. Consumer spending on goods and services
b. Net exports
c. Government purchases
d. Private investment
e. Transfer payments


E

Economics

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Consumption goods

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When foreign countries buy wheat grown in the United States, they are generating a

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Economics

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service that adds an additional $20 to the total cost of the package. What is DeShawn's marginal benefit if he sells a basic detailing package? A) $35 B) $75 C) He makes a marginal loss of $15, not a marginal benefit. D) The marginal benefit cannot be determined.

Economics