The largest component of GDP in the expenditure approach is
A) personal consumption expenditures.
B) gross private domestic investment.
C) government expenditure on goods and services.
D) net exports.
Correct Answer:
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Q61: Net investment is the
A) total amount of
Q62: If depreciation is less than gross investment,
Q63: GDP can be computed as the sum
Q64: To measure GDP using the expenditure approach
Q65: Net investment
A) equals gross investment plus depreciation.
B)
Q67: In the equation, GDP = C +
Q68: Two methods of measuring GDP are
A) the
Q69: GDP equals
A) aggregate expenditure.
B) aggregate income.
C) the
Q70: The four categories of expenditure used by
Q71: The difference between gross investment and net
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