Describe the components of expenditures, GDP, and national income and explain how each is calculated.
-What are the components of expenditures? Describe each one in detail. What is the difference between gross and net expenditures?
Correct Answer:
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Q19: Whats defention of terms:
-transfer payment
Q20: Explain the flows of money and goods
Q21: Explain the flows of money and goods
Q22: Discuss the relationships of GDP, expenditures, and
Q23: Discuss the relationships of GDP, expenditures, and
Q25: Describe the components of expenditures, GDP, and
Q26: Describe how official government agencies track aggregate
Q27: Describe how official government agencies track aggregate
Q28: Explain the difference between GDP, GNP, and
Q29: Explain the difference between GDP, GNP, and
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