The Four Categories of Expenditure Used by the Expenditure Approach

question 86

Multiple Choice

The four categories of expenditure used by the expenditure approach method to calculate GDP are

• A) consumption expenditure, taxes, saving and investment.
• B) consumption expenditure, investment, net imports and saving.
• C) saving, taxes, government expenditure and investment.
• D) consumption expenditure, investment, government expenditure and net exports.

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Definitions:

Direct Behaviour

The act of influencing or guiding actions and conduct through explicit instructions or leadership.

Latent

Existing but not yet developed or manifest; hidden or dormant potential or qualities not yet visible.

Not Resolved

A situation or issue that has not been successfully addressed, fixed, or concluded.

Effective Conflict Resolution

Strategies and processes aimed at peacefully resolving disputes or disagreements to benefit all parties involved.