The Expenditure Approach to Calculating GDP Includes

question 22

Multiple Choice

The expenditure approach to calculating GDP includes

• A) wage income.
• B) investment.
• C) all forms of taxation.
• D) the sum of government spending on goods and services, transfer payments, and interest on the national debt.
• E) corporate profits.

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Definitions:

Active Transport

The movement of molecules across a cell membrane from a region of lower concentration to one of higher concentration, using energy usually in the form of ATP.

Plasma Membrane

The lipid bilayer membrane that surrounds a cell, controlling the movement of substances in and out of the cell.

Diffuses

The process by which molecules move from an area of higher concentration to an area of lower concentration, a fundamental mechanism in both biological and chemical phenomena.

Endocytosis

A cellular process where a cell engulfs solid particles or liquids into a pouch which then becomes a vesicle.