The expenditure approach to measuring GDP is based on summing
A) each industry's production.
B) consumption expenditure, investment, government expenditure on goods and services, and net exports of goods and services minus wages, interest, rent, and profit.
C) the total values of final goods, intermediate goods and services, used goods, and financial assets.
D) wages, interest, rent, and profit.
E) consumption expenditure, investment, government expenditure on goods and services, and net exports of goods and services.
Correct Answer:
Verified
Q28: GDP is
A)an imperfect measure of the standard
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