The Expenditure Approach Measures GDP by Adding

question 7

Multiple Choice

The expenditure approach measures GDP by adding

• A) compensation of employees, rental income, corporate profits, net interest, and proprietors' income.
• B) compensation of employees, rental income, corporate profits, net interest, proprietors' income, subsidies paid by the government, indirect taxes paid, and depreciation.
• C) compensation of employees, rental income, corporate profits, net interest, proprietors' income, indirect taxes paid, and depreciation and subtracting subsidies paid by the government.
• D) consumption expenditure, gross private domestic investment, net exports of goods and services, and government expenditure on goods and services.

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Definitions:

Knowledge

The information, understanding, and skills acquired through experience or education.

Skills Approach

A perspective in management and leadership that emphasizes the importance of developing specific abilities and competencies.

Strengths And Weaknesses

The positive attributes and areas for improvement that an individual or organization possesses, relevant to achieving goals or tasks.

Place Within An Organization

The role, position, or status an individual occupies within an organizational structure.