The Expenditure Approach to Calculating GDP Includes

question 46

Multiple Choice

The expenditure approach to calculating GDP includes

• A)all forms of taxation.
• B)investment.
• C)corporate profits.
• D)wage income.
• E)the sum of government spending on goods and services, transfer payments, and interest on the national debt.

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Definitions:

Shareholder's Right

Rights held by shareholders of a corporation, including voting power, dividends, inspection of books, and right to sue for wrongful acts.

Oppression

The exercise of authority or power in a burdensome, cruel, or unjust manner, particularly against vulnerable groups.

Dividends

Payments made by a corporation to its shareholders, usually derived from profits.

Research and Development

The investigative activities a business conducts to improve existing products and procedures or to lead to the development of new products and procedures.