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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Q84: Consumption expenditure is the payment by households
Q88: The largest component of GDP is
A) gross
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Q106: In the computation of GDP,social security payments
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Q115: Transfer payments
A) are included in the government
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Q118: According to the BEA, in the second
Q120: According to the BEA, in the second
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