The largest U.S. economic expansion between 1890 and the present occurred during which of the following events?

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.

If the personal assets of the owners cannot be claimed if the business is bankrupt, the owners are said to have

A) a partnership type of business. B) unlimited liability. C) a proprietorship type of business. D) limited liability.