Which of the Following Items Is Not a Component of the Expenditure

question 175

Multiple Choice

Which of the following items is not a component of the expenditure approach to measuring U.S.GDP?

• A) purchases of food made by families
• B) social security payments made by the government
• C) purchases of U.S.-made movies by Europeans
• D) purchases of new homes made by families

Grasp the concept of primary and secondary liability in negotiable instruments.

Recognize the significance of representation and personal liability in transactions involving negotiable instruments.

Understand the implications of altered or forged negotiable instruments and the protections available to holders in due course.

Know the legal responsibilities of accommodation parties and their liability.