Which of the Following Is NOT Included in the Expenditure

question 44

Multiple Choice

Which of the following is NOT included in the expenditure approach to calculating GDP?

• A)government expenditures on goods and services
• B)investment
• C)net exports of goods and services
• D)wages
• E)consumption expenditure

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Definitions:

Default Imposed

A consequence or penalty set forth due to non-compliance with established rules or failure to meet certain expectations.

Buyout Price

The amount payable to a partner on his or her dissociation from a partnership, based on the amount distributable to that partner if the firm were wound up on that date, and offset by any damages for wrongful dissociation.

Capital Contribution

Financial or other assets provided by partners or shareholders to a business, either initially or to support operations or expansion.

Heirs Entitled

Individuals designated by law or by a will to inherit property or assets from a deceased person's estate.