The Components of the Expenditure Approach to Measuring GDP Include

question 329

Multiple Choice

The components of the expenditure approach to measuring GDP include all of the following EXCEPT

• A) net exports.
• B) government purchases of goods and services.
• C) expenditures for business investments.
• D) the implicit payments for unpaid household work.

Understand the effectiveness and challenges of import-substitution strategies.

Recognize the significance of entrepreneurship in economic development.

Identify the role of human capital and infrastructure in economic growth.

Evaluate the impact of government policies on economic development and growth.

---

Definitions:

Cause-And-Effect

The principle that every event (effect) is produced by a cause, showcasing the relationship between actions and their outcomes.

Correlational Method

A research methodology that examines the relationship between two or more variables to determine if a correlation exists.

Experimental Group

The group in an experiment that receives the variable being tested, which is contrasted with a control group that does not receive the experimental treatment.

Independent Variable

An element or factor in an experiment that is deliberately manipulated to observe its effect on the dependent variable.