Which of the following is included in the expenditures approach to GDP?
A) spending on meals by consumers at restaurants
B) expenditures on used clothing at garage sales
C) the value of stocks and bonds bought by businesspersons
D) government spending on welfare payments

Question

Quizplus · Accepted Answer

The expenditures approach to GDP includes all spending on final goods and services in an economy within a given period. Spending on meals by consumers at restaurants counts as consumption expenditure, which is a component of GDP in the expenditures approach.

Which of the Following Is Included in the Expenditures Approach