The expenditure approach to GDP accounting includes spending on
a. consumption, investment, durable goods, and exports
b. consumption, gross private domestic investment, government spending for goods and services, and exports
c. consumption, gross private domestic investment, government spending for goods and services, and net exports
d. consumption, net private domestic investment, government spending for goods and services, and net exports
e. consumption, gross private domestic investment, all government spending including transfer payments, and net exports
C
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Suppose Carly Fiorina deposits $15 million cash from her safe deposit box into her checking account at PNC Bank. If the required reserve ratio is 10%, what is the maximum change in the money supply?
A) $1.5 million B) $15 million C) $135 million D) $150 million
Although the European Union is a common market, member countries have different economic growth rates.
a. true b. false
A U.S. tariff on steel would increase the domestic quantity of steel supplied.
Answer the following statement true (T) or false (F)
Refer to the diagram. The decline in price from P 1 to P 2 will:
A. increase total revenue by D.
B. increase total revenue by B + D.
C. decrease total revenue by A.
D. increase total revenue by D - A.