Which of the Following Is NOT Part of GDP

question 151

Multiple Choice

Which of the following is NOT part of GDP calculated using the expenditure approach?

• A) expenditures by the federal government for national defense
• B) social security payments made to the elderly
• C) General Motorsʹ purchases of new capital equipment
• D) the purchase of new homes by consumers

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Definitions:

Correlation

A statistical measure that indicates the extent to which two or more variables fluctuate together.

Correlation Coefficients

Statistical measures that quantify the degree to which two variables are related or move together, ranging from -1 to +1.

Correlation Coefficient

A numerical indicator that shows the degree to which two or more variables move in conjunction with each other.

Negative Correlation

A relationship between two variables where one variable increases as the other decreases, indicating an inverse relationship.