To calculate GDP by the expenditure method, one must add
A) wages, rents, interest, and profits.
B) final consumption spending, gross fixed capital formation, investment in inventories, and net exports.
C) final consumption spending, net fixed capital formation, government spending and exports.
D) labour, natural resources, entrepreneurship, and capital.
E) final consumption spending, wages, income taxes, and fixed capital formation.
Correct Answer:
Verified
Q19: Macroeconomics seeks to understand
A)economic growth, business cycles,
Q20: Macroeconomics, as opposed to microeconomics, includes the
Q21: In 2017, Kendall Ford, an automobile dealership,
Q22: The purchase of a new house is
Q23: An example of business fixed investment spending
Q25: What is the largest component of spending
Q26: In 2015, which component of GDP had
Q27: The factors of production include
A)wages.
B)capital.
C)investment.
D)transfers.
E)money.
Q28: The purchase by a foreign government of
Q29: In Canada, household spending on consumption as
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