Recently, consumption has comprised approximately
A) 28% of GDP.
B) 58% of GDP.
C) 40% of GDP.
D) 80% of GDP.
E) 15% of GDP.
Correct Answer:
Verified
Q20: The expenditure approach is calculated as
A) C
Q21: Inventory investment consists of
A) construction expenditures, raw
Q22: To calculate value added, we need to
Q23: Government expenditures includes
A) federal defense spending.
B) consumer
Q24: The components of consumption expenditures include
A) nondurable
Q26: Additions to inventory is
A) not counted as
Q27: For the following question(s), suppose an economy
Q28: For the following question(s), suppose that an
Q29: Even when measured accurately, GDP may be
Q30: For the following question(s), suppose that an
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