The expenditure approach for the calculation of GDP includes spending on:
a. consumption, gross private domestic investment, government spending for goods and services, and net exports.
b. consumption, investment, durable goods and exports.
c. consumption, gross private domestic investment, government spending for goods and services, and exports.
d. consumption, net private domestic investment, government spending for goods and services, and net exports.
a
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Two countries can achieve gains from trade even if one country has an absolute advantage in the production of both goods
a. True b. False Indicate whether the statement is true or false
Which of the following is not a DVC policy likely to increase DVC economic growth?
A. Encouraging direct foreign investment. B. Opening economics to world trade. C. Establishing independent central banks. D. Encouraging emigration of highly skilled workers.