The Components of the Expenditure Approach to Measuring GDP Include

question 182

Multiple Choice

The components of the expenditure approach to measuring GDP include all of the following EXCEPT

• A) government expenditure on goods and services.
• B) the implicit payments for unpaid household work.
• C) investment.
• D) net exports.

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Definitions:

Workflows

The sequence of processes through which a piece of work passes from initiation to completion in a business or system.

Sustainable Manufacturing

Is manufacturing where the exploitation of resources and use of technology is consistent with the future as well as present needs.

Mass Customisation

A manufacturing and business strategy that allows for the production of goods and services to meet individual customer’s preferences at a large scale.

Resource Exploitation

The utilization of natural resources or assets to their fullest potential with the goal of achieving maximum benefit while considering sustainability.