Which of the Following Is NOT Part of GDP Calculated

question 75

Multiple Choice

Which of the following is NOT part of GDP calculated using the expenditure approach?

• A) General Motors' purchases of new capital equipment
• B) expenditures by the federal government for national defense
• C) social security payments made to the elderly
• D) the purchase of new homes by consumers

Recognize the importance of satisfying consumer needs through effective marketing strategies.

Distinguish between a market and a target market in a marketing context.

Identify effective communication strategies for reaching target markets.

Understand the concept of the market being composed of people with both desire and ability to buy.

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Definitions:

Equality

The state or quality of being equal, especially in status, rights, and opportunities.

Debits And Credits

The two sides of every financial transaction in double-entry bookkeeping, with debits usually recorded on the left and credits on the right, used to ensure the accounting equation remains in balance.

Chart Of Accounts

A list of the accounts in the ledger.

Balance Sheet

An accounting summary that captures a firm's financial status at a particular instant, outlining the company's resources, obligations, and equity held by shareholders.