Which of the following is NOT included in the expenditure approach to calculating GDP?
A) consumption expenditure
B) net exports of goods and services
C) government expenditures on goods and services
D) investment
E) wages
Correct Answer:
Verified
Q9: Q10: U.S. real GDP Q11: In 2009 in the United States, net Q12: Consumption expenditure includes spending Q13: Economists define investment to include purchases of Q15: A business cycle has two turning points, Q16: The value of leisure time is Q17: Last year in Candamica, consumption expenditure was Q18: Real GDP measures the value of goods Q19: In one year, a firm increases its
A)is not as accurate as
A)by governments when they
A)capital
A)directly included
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