The Expenditure Approach to GDP Accounting Includes

question 51

Multiple Choice

The expenditure approach to GDP accounting includes:

• A) wages and salaries.
• B) net exports.
• C) net interest.
• D) corporate profit.

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Definitions:

Outlets

Retail stores that sell goods directly from manufacturers at discounted prices, often merchandise that is overstocked or discontinued.

Transportation

The movement of goods or people from one location to another through various modes including road, rail, air, and sea.

Product

An item or service that is created, offered, and maintained to fulfill the needs, wants, or desires of consumers.

Marketing Mix

A set of actionable marketing tools—product, price, place, and promotion—that a company uses to pursue its marketing objectives in the target market.