The Components of the Expenditure Approach to Measuring GDP Include

question 32

Multiple Choice

The components of the expenditure approach to measuring GDP include all of the following EXCEPT

• A)the implicit payments for unpaid household work.
• B)government expenditure on goods and services.
• C)investment.
• D)net exports.

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Definitions:

Humans

are bipedal primates belonging to the species Homo sapiens, characterized by their ability to create complex tools, languages, and societies.

Nativist View

The perspective that certain skills or abilities are innate and hardwired into the brain at birth.

Language Development

The process by which children come to understand and communicate language during early childhood.

Sensorimotor Stage

The first of Piaget's developmental stages, from birth to about 2 years of age, where infants learn about their environment through sensory experiences and motor activities.