In Calculating GDP by the Expenditure Approach, We Sum Up

question 7

Multiple Choice

In calculating GDP by the expenditure approach, we sum up:

• A)consumption, investment, government purchases, exports, and imports.
• B)investment, government purchases, consumption, and net exports.
• C)consumption, investment, wages, and rents.
• D)consumption, investment, government purchases, and imports.

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Definitions:

Diverse Vocabulary

The range and variety of words an individual knows and uses, reflecting their language proficiency and ability to communicate effectively.

Linguistic Intergroup Bias

Subtle and systematic differences in the language we use to describe events as a function of our group membership and the group to which the actor or target belongs.

Sociolinguistic Competence

Knowledge of the implicit rules for generating socially appropriate sentences that make sense because they fit the listeners’ social knowledge.

Speech Act Theory

The theory that verbal utterances both state something and do something.