To Calculate GDP by the Expenditure Method,one Must Add

question 140

Multiple Choice

To calculate GDP by the expenditure method,one must add

• A)wages,rents,interest,and profits.
• B)consumption spending,investment spending,government spending,and net exports.
• C)consumption spending,investment spending,government spending,and exports.
• D)labor,natural resources,entrepreneurship,and capital.

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Definitions:

Depreciation

Depreciation is the accounting process of allocating the cost of a tangible asset over its useful life, reflecting its decrease in value over time.

Income Taxes

Taxes levied by the government on individuals or corporations based on their net income or profit.

Value Of Dollar

The purchasing power of the U.S. dollar, influenced by factors such as inflation, interest rates, and economic conditions.