The Expenditure Approach Measures GDP by Adding Together

question 43

Multiple Choice

The expenditure approach measures GDP by adding together

• A)the total expenditures of consumers and firms.
• B)the total expenditures of consumers, firms, net exporters, and by governments at all levels.
• C)wages, salaries and supplementary labour income, and other factor incomes.
• D)compensation of employees, rental income, corporate profits, net interest, proprietors' income, indirect taxes paid, and capital consumption expenditures, and by subtracting subsidies paid by the government.
• E)wages, salaries and supplementary labour income, other factor income, subsidies paid by the government, indirect taxes paid, and income of nonfarm unincorporated businesses.