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.
D
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Which of the following is NOT a deficit item on the international accounts balance sheet for a country?
A) imports of merchandise B) military spending abroad C) purchases of foreign currency D) exports of merchandise
Under an emissions tax program, the government sets ____; under an emissions permits program, the government sets ____
a. the price of the right to pollute; the price of the right to pollute b. the price of the right to pollute; the permitted total quantity of pollution c. the permitted total quantity of pollution; the price of the right to pollute d. the permitted total quantity of pollution; the permitted total quantity of pollution