The Expenditure Approach Measures GDP by Adding

question 368

Multiple Choice

The expenditure approach measures GDP by adding

• A) compensation of employees, rental income, corporate profits, net interest, and proprietors' income.
• B) consumption expenditure, gross private domestic investment, net exports of goods and services, and government expenditure on goods and services.
• C) compensation of employees, rental income, corporate profits, net interest, proprietors' income, indirect taxes paid, and depreciation and subtracting subsidies paid by the government.
• D) compensation of employees, rental income, corporate profits, net interest, proprietors' income, subsidies paid by the government, indirect taxes paid, and depreciation.

---

Definitions:

Binary Search

A method that determines the position of a given value within a sorted array by systematically reducing the search area by half.

List Length

The total number of elements or items present in a list.

Key Comparisons

The process of comparing keys in algorithms or data structures, such as sorting or searching, to determine the relative order or presence of data.

Byte

The basic unit of storage in digital computing, typically consisting of 8 bits.