The expenditure approach to measuring GDP is based on summing
A) wages,interest,rent,and profit.
B) each industry's production.
C) the total values of final goods,intermediate goods and services,used goods,and financial assets.
D) consumption expenditure,investment,government expenditure on goods and services,and net exports of goods and services.
E) consumption expenditure,investment,government expenditure on goods and services,and net exports of goods and services minus wages,interest,rent,and profit.
Correct Answer:
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Q128: If nominal GDP increases from one year
Q129: Q130: Nominal GDP increases Q131: The base year is 2011.A country only Q132: In calculating GDP,economists Q134: An increase in nominal GDP could result Q135: When calculating real GDP,the reference base year Q136: The base year is 2012.A country only Q137: Suppose GDP is $10 billion,consumption expenditure is Q138: Which of the following is NOT included
A)only if total production increases.
B)only
A)measure total expenditure as the
A)allows
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