The Expenditures or Output Approach to GDP Measures It by Summing

question 66

Multiple Choice

The expenditures or output approach to GDP measures it by summing up

• A)compensation of employees, rents, interest, dividends, undistributed corporate profits, proprietors' income, indirect business taxes paid, consumption of fixed capital, and net foreign factor income earned in the United States.
• B)compensation of employees, rents, interest, dividends, corporate profits, proprietors' income, and indirect business taxes, and subtracting the consumption of fixed capital.
• C)the total spending for consumption, investment, net exports, and government purchases.
• D)the total spending for consumption and government purchases, but subtracting public and private transfer payments.

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Definitions:

Contact Metamorphism

The process by which rocks are transformed in composition and texture due to high heat but moderately low pressure, typically near a heat source like magma.

Tight Folds

Rock layers that have been bent very closely together, typically as a result of high pressure, forming narrow and sharp folds.

Cleavage

A property of minerals that allows them to break along smooth, flat surfaces, determined by the mineral's crystal structure.

Columnar Joints

Natural formations resulting from the cooling and cracking of volcanic rock into nearly hexagonal columns.