In Comparing the Magnitudes of the Components of GDP According

question 27

Multiple Choice

In comparing the magnitudes of the components of GDP according to the expenditure approach, we see that in Australia,

• A) investment is less than government expenditure on goods and services.
• B) investment is larger than government expenditure on goods and services.
• C) government expenditure on goods and services is the largest category.
• D) investment is the largest category.
• E) investment, government expenditure on goods and services, and consumption expenditure are all about the same size.

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Definitions:

Slaves Imported

The forceful transportation of individuals from their homeland into bondage in another region or country, primarily for labor.

Angola

A country located on the west coast of Southern Africa, known for its rich cultural heritage, natural resources, and a history of Portuguese colonization and a prolonged civil war.

Spanish Crown

The monarchy of Spain, a symbol of the nation's history, power, and governance, especially prominent during the age of exploration and colonialism.

Roman Catholicism

The largest branch of Christianity, led by the Pope, with distinctive doctrines, practices, and organizational structures.