Consumption in the expenditures approach to calculating GDP includes
A)spending by businesses on plant and equipment
B)spending by government on office buildings
C)spending by households on new single-family houses
D)changes in business inventories
E)purchases of medical services at the local clinic

Question

Quizplus · Accepted Answer

Consumption in the expenditures approach to GDP includes spending by households on goods and services, such as medical services.

Consumption in the Expenditures Approach to Calculating GDP Includes