To calculate GDP by the expenditure method, one must add
A) wages, rents, interest, and profits.
B) consumption spending, investment spending, government purchases, and net exports.
C) consumption spending, investment spending, government purchases, and exports.
D) labor, natural resources, entrepreneurship, and capital.
Answer: B
You might also like to view...
The process a firm uses to turn inputs into outputs of goods and services is called technology
Indicate whether the statement is true or false
A . Phil is considering selling his dairy. If his dairy generates an annual income of $50,00 . and if the rate of interest is 5 percent, what is the present value of his dairy? b. If the interest rate rises to 7 percent, would he raise or lower his asking price? Explain
Comparative advantage is
A. the ability to produce a good at a lower opportunity cost than other producers. B. the ability to produce more output of all goods than anyone else can. C. the ability to produce more output from given inputs than another producer can. D. the ability to produce all goods at lower costs than anyone else can.
________ is (are) protected by barriers to entry, specifically ________.
A. Cable companies; patents B. DeBeers Company; economies of scale C. State lotteries; government rules D. All of the above are correct.