The Four Categories of Expenditure Used by the Expenditure Approach

question 360

Multiple Choice

The four categories of expenditure used by the expenditure approach method to calculate GDP are

• A) consumption expenditure, taxes, saving and investment.
• B) consumption expenditure, investment, government expenditure and net exports.
• C) saving, taxes, government expenditure and investment.
• D) consumption expenditure, investment, net imports and saving.

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Definitions:

Complex

In psychology, a complex is a core pattern of emotions, memories, perceptions, and wishes organized around a common theme, affecting an individual's attitude and behavior.

Work Activities

Tasks, duties, or responsibilities that are carried out by individuals or teams as part of their professional roles.

Departmentalization

The method by which an organization divides its operations into distinct areas and tasks based on function, product, geography, or process.

Coordination

Involves the organization of different elements or activities in a system to ensure they work together effectively to achieve a goal or objective.