When the Expenditure Approach Is Used to Measure GDP, the Major

question 39

Multiple Choice

When the expenditure approach is used to measure GDP, the major components of GDP are

• A) consumption, investment, indirect business taxes, and depreciation.
• B) employee compensation, rents, interest, self-employment income, and corporate profits.
• C) employee compensation, corporate profits, depreciation, and indirect business taxes.
• D) consumption, investment, government consumption and gross investment, and net exports.