The Expenditure Approach for the Calculation of GDP Includes Spending

question 117

Multiple Choice

The expenditure approach for the calculation of GDP includes spending on:

• A) consumption, investment, durable goods and exports.
• B) consumption, gross private domestic investment, government spending for goods and services, and exports.
• C) consumption, gross private domestic investment, government spending for goods and services, and net exports.
• D) consumption, net private domestic investment, government spending for goods and services, and net exports.
• E) consumption, gross private domestic investment, all government spending including transfer payments, and net exports.

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Definitions:

Internal Factor

Elements within an organization or system that can affect its performance, such as employee skills, company culture, or internal processes.

Appropriate Jobs

Occupations or positions best suited to an individual's skills, interests, and values, ensuring both personal satisfaction and professional productivity.

Paid Internship

A work experience opportunity where the intern receives compensation for their time and contribution.

Job Offer

A job offer is an official invitation extended by an employer to a candidate to fill a position within their organization, often detailing terms of employment.