Which of the Following Items Is Not a Component of the Expenditure

question 161

Multiple Choice

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) purchases of U.S.- made movies by Europeans
• C) social security payments made by the government
• D) purchases of new homes made by families

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Definitions:

Policyholder

An individual or entity that owns an insurance policy, thereby having the insurance cover for specified risks.

Copayment

A fixed amount paid by a patient for healthcare services, with the remaining balance covered by their insurance plan.

Deductible

The amount a person must pay out-of-pocket before an insurance company will cover the remaining costs of a claim.

Annual Payment

A payment made once a year, often related to financial agreements such as salaries, annuities, or subscription services.