The expenditure approach measures GDP by adding together
A) the total expenditures of consumers and firms.
B) the total expenditures of consumers, firms, net exporters, and by governments at all levels.
C) wages, salaries and supplementary labour income, and other factor incomes.
D) compensation of employees, rental income, corporate profits, net interest, proprietors' income, indirect taxes paid, and capital consumption expenditures, and by subtracting subsidies paid by the government.
E) wages, salaries and supplementary labour income, other factor income, subsidies paid by the government, indirect taxes paid, and income of nonfarm unincorporated businesses.
Correct Answer:
Verified
Q36: In the circular flow diagram, aggregate expenditure
Q37: A bakery uses flour to produce bread.When
Q38: Use the information below to answer the
Q39: Use the information below to answer the
Q40: The firm that printed your textbook bought
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
Q46: Which one of the following would be
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