The four categories of expenditure used by the expenditure approach method to calculate GDP are
A) consumption expenditure, taxes, saving and investment.
B) consumption expenditure, investment, government expenditure and net exports.
C) saving, taxes, government expenditure and investment.
D) consumption expenditure, investment, net imports and saving.
Correct Answer:
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Q59: Choose the best statement.
A) An increase in
Q60: Gross domestic product GDP) is
A) the sum
Q61: The largest component of GDP in the
Q62: GDP can be computed as the sum
Q63: Net investment equals
A) gross investment + depreciation.
B)
Q65: _is gross investment minus_ .
A) Depreciation; replacement
Q66: Of the following, the largest component of
Q67: If depreciation is less than gross investment,
Q68: GDP using the expenditure approach equals the
Q69: The expenditure approach measures GDP by adding
A)
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