All of the Following Are Components of the Expenditure Approach

question 12

Multiple Choice

All of the following are components of the expenditure approach to measuring GDP EXCEPT

• A) a Senator from Iowa being paid the monthly salary.
• B) Shaniqʹs purchase of a meal at the Olive Garden in Atlanta.
• C) the army buying new M1 Abram tanks.
• D) Ford Motor Company buying new Dell computers for use in its marketing department in Dearborn, Michigan.

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Definitions:

Mid-1960s

A period marked by significant social and political changes worldwide, including the height of the civil rights movement in the United States.

Opinion Polls

Surveys conducted to gather the public's views or preferences regarding various topics, including politics, culture, and consumer products, used to infer the opinion of a larger population.

Lynch Mobs

Groups of people who take the law into their own hands to punish an individual, often without a fair trial, historically associated with racial violence in the United States.

Loose Cigarettes

Single cigarettes sold individually, often illegally, as they bypass taxation and standard packaging regulations.