The effects of government tax policy on long-term economic growth

Which of the following is NOT part of GDP calculated using the expenditure approach?

A) General Motors' purchases of new capital equipment B) expenditures by the federal government for national defense C) Social Security payments made to the elderly D) the purchase of new homes by consumers

If a firm goes bankrupt, the bondholders will get paid back before the stockholders get any money.

Answer the following statement true (T) or false (F)