The four components that make up GDP in the expenditure approach are:
A. C, I, G, and NX.
B. C, Im, G, and EX.
C. K, I, G, and NX.
D. C, I, G, and EX.
Answer: A
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a. risk takers. b. risk averse. c. risk neutral. d. broke.
During a period of stagflation, should more emphasis be placed on reducing unemployment or on lowering the rate of inflation?
What will be an ideal response?
Which of the following is an example of imports?
a. Sugar bought from a retail shop b. Steel bars sold to other countries c. Clothes bought from another country d. Apples bought from a farmer
When the amount of sales is large, but each sale has a low value, cheating on a cartel arrangement can significantly increase an individual firm's profits and is thus tempting
a. True b. False Indicate whether the statement is true or false