Which of the following are not included in the expenditure approach to National Income Accounting?
A)defense expenditures
B)firm expenditures on equipment
C)residential expenditures
D)household service expenditures
E)none of the above

Question

Quizplus · Accepted Answer

Household service expenditures are not included in the expenditure approach to National Income Accounting as they are considered non-market transactions.

Which of the Following Are Not Included in the Expenditure