Which of the following items is not a component of the expenditure approach to measuring U.S. GDP?
A) purchases of food made by families
B) Social Security payments made by the government
C) purchases of U.S.-made movies by Europeans
D) purchases of new homes made by families
B
Economics
You might also like to view...
Why would it be a mistake to treat opportunity costs and explicit monetary costs as identical?
a. Because sometimes the market does not function well. b. Because opportunity costs are different for different goods. c. Because there are trade-offs involved in any decision. d. Because of existence of efficient markets.
Economics
The lower the interest rate, i, the:
A. lower is the present value. B. higher is the present value. C. greater must be n. D. higher is the future value.
Economics