Which Equation Summarizes the Expenditures Approach to Measuring GDP

question 56

Multiple Choice

Which equation summarizes the expenditures approach to measuring GDP?

• A) Y = C + S
• B) total spending = total income
• C) GDP = C + I + G + (X - M)
• D) GDP = net domestic product + depreciation

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Definitions:

Diet

The sum of food and beverages consumed by an individual or group, often considered in the context of variety, quality, and quantity for health and nutrition.

Correlational Research

A type of non-experimental research method that measures the relationship between two or more variables, without implying causation.

Systematic Observations

Observational methods that are structured and organized in a consistent manner to collect data about behavior or phenomena.

Dependent Variable

The variable in an experiment that is expected to change in response to manipulations of the independent variable.