Exhibit 5-8 GDP data (billions of dollars) 
In Exhibit 5-8, and using the expenditures approach, gross domestic product (GDP) equals:
A) $1,420 billion.
B) $2,460 billion.
C) $2,430 billion.
D) $1,450 billion.
Correct Answer:
Verified
Q37: New residential housing is counted in GDP
Q38: Resources that flow through the circular flow
Q39: Using the expenditure approach, GDP equals:
A) C
Q40: Which of the following would be classified
Q41: Which approach to calculating GDP is computed
Q43: Using the income approach, net interest is
Q44: Using the income approach, the largest component
Q45: Using the income approach, the smallest component
Q46: Exhibit 5-10 GDP data (billions of dollars)
Q47: Dividends, retained earnings, and corporate income taxes
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