Which one of the following would be included in the calculation of GDP by the expenditure approach?
A) the cost of new kitchen cupboards when you renovate your house
B) the income you pay to your gardener
C) the purchase of 20 shares of a new issue of IBM stock
D) the purchase of an eighteenth century work of art
E) the value of your brother's services when he mows the lawn for the family
Correct Answer:
Verified
Q41: The expenditure approach measures GDP by adding
Q42: Use the table below to answer the
Q43: Suppose the economy of Econoworld produces only
Q44: A hypothetical economy produced four final goods
Q45: Suppose Mail Boxes Etc.buys a new copier
Q47: The largest component of GDP using the
Q48: Use the table below to answer the
Q49: Use the table below to answer the
Q50: Use the information below to answer the
Q51: Use the information below to answer the
Unlock this Answer For Free Now!
View this answer and more for free by performing one of the following actions
Scan the QR code to install the App and get 2 free unlocks
Unlock quizzes for free by uploading documents