To calculate GDP by the expenditure method, one must add
A) wages, rents, interest, and profits.
B) consumption spending, investment spending, government purchases, and net exports.
C) consumption spending, investment spending, government purchases, and exports.
D) labor, natural resources, entrepreneurship, and capital.
Answer: B
Economics
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An advisory council meets to chart a financial course for their country. If they want to see economic growth in the future, what should they do?
a. Spend more money on wages now. b. Produce more consumption goods. c. Produce more capital goods. d. Cut education spending.
Economics
Which of the following groups would have the lowest unemployment rates?
A. High-school dropouts B. Married men C. Nonwhite teenagers D. Nonwhite women
Economics