The Expenditure Components of GDP Include All of the Following

question 5

Multiple Choice

The expenditure components of GDP include all of the following except

• A) consumption.
• B) investment.
• C) government spending on goods and services.
• D) the sum of government spending on goods and services, transfer payments, and interest on the national debt.

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Definitions:

Portfolio

A collection of financial investments like stocks, bonds, commodities, cash, and cash equivalents, including closed-end funds and exchange traded funds.

Marginal Probability Distribution

The probability distribution of a subset of variables within a larger set, ignoring the presence or values of other variables.

Mobile Phone Store

A retail outlet specializing in selling mobile phones and related accessories.

Standard Error

A statistic that measures the dispersion or variability of a sample statistic from the population parameter, used to infer the precision of the sample mean.