Which of the following would be included as consumption in the expenditures approach to calculating GDP?
A) spending by businesses on a plant and equipment
B) spending by government on office buildings
C) spending by households on new single-family houses
D) purchases of dental services by patients
Correct Answer:
Verified
Q26: Suppose exports total $6.5 billion and imports
Q27: In GDP measurement, which of the following
Q28: Which of the following is included in
Q29: Which of the following would NOT be
Q30: Which of the following describes how imports
Q32: Which of the following would NOT be
Q33: Which of the following is NOT included
Q34: Which of the following is the best
Q35: Suppose a toy store overestimated the demand
Q36: What is the immediate effect on GDP
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