Which of the following is NOT part of GDP calculated using the expenditure approach?
A) General Motors' purchases of new capital equipment
B) expenditures by the federal government for national defense
C) Social Security payments made to the elderly
D) the purchase of new homes by consumers
Correct Answer:
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Q102: Which of the following is included in
Q103: In the national income accounts, government expenditure
Q104: According to the BEA, in the second
Q105: In the national income accounts, the purchase
Q106: According to the BEA, in the second
Q108: Which of the following is included in
Q109: Transfer payments are not included in GDP
Q110: Which of the following transfer payments is
Q111: In the computation of GDP, Social Security
Q112: All of the following are included in
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