Using the Expenditure Approach, GDP Is Calculated as

question 18

Multiple Choice

Using the expenditure approach, GDP is calculated as

• A) wages + interest + rent + profits.
• B) consumption expenditures + wages.
• C) consumption expenditures + wages + interest.
• D) consumption expenditures + investment expenditures + government expenditures + net exports.

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Definitions:

Establishing Rules

The process of creating guidelines or principles that govern behavior within a specific context or organization.

Administering

The act of managing or supervising the execution, use, or conduct of something, often involving medications, operations, or policies.

Interpreting

The process of explaining or providing the meaning behind information, data, or observed behaviors.

Separate Abilities

The concept that intelligence comprises multiple distinct abilities that operate independently.