Government expenditures included in the expenditure approach to GDP include ________.
A) net exports
B) buying a new bomber
C) social security and education
D) Both answers A and C are correct.
Correct Answer:
Verified
Q7: Gross domestic product (GDP) measures the
A) number
Q13: Suppose XYZ Ltd. buys a new copier
Q14: A trough is the
A)upper turning point of
Q15: Real GDP is not a perfect indicator
Q16: Gross domestic product
A)measures the value of labour
Q17: In the circular flow of economic activity,
A)aggregate
Q19: _ gross domestic product is the value
Q21: Let C represent consumption expenditure, S saving,
Q22: Two methods of measuring GDP are
A)the income
Q23: The four parts of the business cycle
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