The Expenditure Approach Measures GDP by Adding

question 247

Multiple Choice

The expenditure approach measures GDP by adding

• A) compensation of employees, rental income, corporate profits, net interest, proprietorsʹ income, subsidies paid by the government, indirect taxes paid, and depreciation.
• 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, proprietorsʹ income, indirect taxes paid, and depreciation and subtracting subsidies paid by the government.
• D) compensation of employees, rental income, corporate profits, net interest, and proprietorsʹ income.

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Definitions:

Cultural Variations

Differences in cultural practices, beliefs, and values among various groups, influencing behaviors, perceptions, and social norms.

Heritability

A measure of how much of the variation in a trait among individuals within a population is due to genetic differences.

Identical Twins

Twins that develop from a single fertilized egg that splits and forms two embryos, sharing 100% of their DNA.

Dizygotic Twins

Also known as fraternal twins, are two siblings born from separate eggs and fertilized by separate sperm.