The Largest Component of GDP as Measured by the Expenditure

question 71

Multiple Choice

The largest component of GDP as measured by the expenditure approach is

• A)wages and salary earnings.
• B)personal consumption.
• C)net profits of corporations.
• D)gross private investment.

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Definitions:

Projective Tests

Psychological assessments where subjects respond to ambiguous stimuli, revealing hidden emotions and internal conflicts.

Self-Efficacy

A person's belief in their capability to execute behaviors necessary to produce specific performance attainments, reflecting confidence in the ability to exert control over one's own motivation, behavior, and social environment.

Brain Surgery

Medical procedures involving the brain to treat disease, injury, or disorders.

Ego

In psychoanalytic theory, the part of the mind that mediates between the conscious and the unconscious and is responsible for reality testing and a sense of personal identity.