Which of the Following Is Not Included When Using the Expenditure

question 53

Multiple Choice

Which of the following is not included when using the expenditure approach to compute GDP?

• A) Consumer spending on goods and services
• B) Net exports
• C) Government purchases
• D) Private investment
• E) Transfer payments

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Definitions:

Agricultural Societies

Communities whose economies are based on producing and maintaining crops and farmland.

Social Distance

The perceived or desired level of emotional or physical space between individuals or within social groups.

Intercultural Contact

Interaction between individuals from different cultures, leading to an exchange of values, ideas, and traditions.

Relative Deprivation

The experience of feeling deprived of something to which one believes they are entitled, compared to others or their own expectations.