Using the expenditure method to estimate GDP, we would include:
A. consumption, investment, government purchases, and net exports.
B. consumption, government revenues, durable goods, and net exports.
C. consumption, investment, government purchases, and exports.
D. consumption, investment, government purchases, and imports.
A. consumption, investment, government purchases, and net exports.
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Distinguish between saving and savings. How does investment relate to this distinction, if at all?
What will be an ideal response?
Why does a government impose controls or restrictions on converting domestic currency to foreign currency (capital controls)?
a. The government is trying to stop the rapid decline in value of the domestic currency. b. The government wants to speculate on its own currency c. The government is trying to suppress international trade d. The government is trying to avoid imposing taxes on citizens.