The expenditure approach for the calculation of GDP includes spending on:
a. consumption, investment, durable goods and exports.
b. consumption, gross private domestic investment, government spending for goods and services, and exports.
c. consumption, gross private domestic investment, government spending for goods and services, and net exports.
d. consumption, net private domestic investment, government spending for goods and services, and net exports.
e. consumption, gross private domestic investment, all government spending including transfer payments, and net exports.
c
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These educational fields contribute to the advancement of technology in
A. scientific, engineering, and managerial education. B. medical, mathematics, engineering. C. chemistry, biology, computer science. D. the liberal arts.
The Bretton Woods system worked fairly well for a number of years, but it finally broke down over
A. lack of agreement on how to settle the problems of the surplus nations. B. its inability to devalue the U.S. dollar. C. the huge debts of the IMF to less-developed countries. D. the controversies generated by surplus nations wanting to devalue their currencies.