Which of the Following Is Not Included When Using the Expenditure

question 53

Multiple Choice

Which of the following is not included when using the expenditure approach to compute GDP?

• A) Consumer spending on goods and services
• B) Net exports
• C) Government purchases
• D) Private investment
• E) Transfer payments

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Definitions:

Desired Resource

An asset, material or immaterial, that individuals or organizations strive to obtain in order to fulfill specific needs or objectives.

Allocentric

Characterized by or thinking about others and the community more than oneself; opposite of egocentric.

Individualistic Orientation

A viewpoint or personal philosophy that prioritizes individual goals and rights over those of the group or collective.

Contact Hypothesis

A theory suggesting that under appropriate conditions interpersonal contact is one of the most effective ways to reduce prejudice between majority and minority group members.