What Is Included When Using the Expenditure Method to Estimate

question 30

Multiple Choice

What is included when using the expenditure method to estimate GDP?

• A) Consumption, investment, government purchases, and net exports
• B) Consumption, government revenues, durable goods, and net exports
• C) Consumption, capital investment, government purchases, and exports
• D) Consumption, investment, government purchases, and imports

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Definitions:

Positive Aspects

Describes the beneficial qualities or positive outcomes of a situation, individual, or concept, highlighting its advantages or valuable effects.

Negative Aspects

Features or characteristics of a situation, phenomenon, or concept that are detrimental, harmful, or undesirable.

Social Construction

The theory that aspects of our reality, including knowledge, are not inherent but are created through social interactions and cultural norms.

Race

A social construct used to categorize and differentiate individuals based on physical characteristics and genetic heritage, often resulting in systemic disparities and prejudice.