Which of the following is NOT included in the expenditure approach to calculating GDP?
A)government expenditures on goods and services
B)investment
C)net exports of goods and services
D)wages
E)consumption expenditure

Question

Quizplus · Accepted Answer

Wages are not included in the expenditure approach to calculating GDP. The expenditure approach includes consumption expenditure, investment, government expenditures on goods and services, and net exports of goods and services. Wages are considered a factor of production and are included in the income approach to calculating GDP.

Which of the Following Is NOT Included in the Expenditure