The largest component of GDP in the expenditure approach is
A) personal consumption expenditures.
B) net exports.
C) government expenditure on goods and services.
D) gross private domestic investment.
Correct Answer:
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Q57: The circular flow shows that
A) aggregate production
Q58: According to the circular flow diagram, the
Q59: Choose the best statement.
A) An increase in
Q60: Gross domestic product GDP) is
A) the sum
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Q63: Net investment equals
A) gross investment + depreciation.
B)
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Q65: _is gross investment minus_ .
A) Depreciation; replacement
Q66: Of the following, the largest component of
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