Examlex
All of the following are components of the expenditure approach to measuring GDP EXCEPT
Empowerment
The act of giving power or authority to individuals or groups, often aimed at enabling them to take control over their lives or work.
Global Economy
The interconnected worldwide economic system, comprising the production, distribution, and consumption of goods and services across countries.
Raised Wages
An increase in the amount of money paid to workers for their labor, often seen as a means to improve living standards or reward performance.
Lowered Protectionism
A reduction in trade barriers and restrictions by a government to allow for more free exchange of goods and services between nations.
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