The components of the expenditure approach to measuring Gross Domestic Product (GDP) include all of the following EXCEPT
A) government purchases of goods and services.
B) government Social Security payments.
C) durable consumer goods.
D) nondurable consumer goods.

Question

Quizplus · Accepted Answer

Government Social Security payments are not included in the expenditure approach to measuring GDP. The other options listed - government purchases of goods and services, durable and nondurable consumer goods - are all components of GDP as they represent spending by households, businesses, and governments.

The Components of the Expenditure Approach to Measuring Gross Domestic