The Components of GDP Using the Expenditure Method Are

question 65

Multiple Choice

The components of GDP using the expenditure method are

• A) consumption expenditures, investment expenditures, and government expenditures.
• B) consumption expenditures, investment expenditures, government expenditures, and net exports.
• C) wages and interest.
• D) wages, interest, rents, and profits.

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Definitions:

Evolutionary Perspective

A psychological approach that explains human thoughts and behaviors in terms of their adaptive or survival value over the course of human history.

Behavioral Perspective

A way of looking at psychological issues by studying observable behavior and what determines it, without focusing on mental states.

Nature

refers to the physical world and its phenomena, including the landscape, plants, animals, and other features and products of the earth as opposed to humans or human creations.

Nurture

The influence of environmental factors and experiences on an individual's development and behavior.