The expenditure approach to GDP accounting 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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In a Dutch auction, the winner pays a price equal to ________
A) the market price of the good B) the value of the lowest bid C) his value for the good D) his bid
If prices rise in the United States, everything else constant, the dollar __________ against the yen and the yen __________ against the dollar
A) appreciates; appreciates B) appreciates; depreciates C) depreciates; appreciates D) depreciates; depreciates