The Largest Component of GDP Using the Expenditure Approach Is

question 3

Multiple Choice

The largest component of GDP using the expenditure approach is

• A)investment.
• B)consumption expenditure.
• C)exports.
• D)government expenditure.
• E)imports.

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Definitions:

Value of the Business

An estimate of the economic worth of a company, determined through various financial evaluations and market assessments.

Leaves

The plural of leaf, but in a different context can refer to periods of absence from work granted to employees.

Partnership Agreement

A contract between partners in a business outlining the terms, responsibilities, and profit distribution of the partnership.

RUPA

The Revised Uniform Partnership Act, which provides a legal framework for the formation, operation, and termination of partnerships in the United States.