In Comparing the Magnitudes of the Components of GDP According

question 198

Multiple Choice

In comparing the magnitudes of the components of GDP according to the expenditure approach,we see that in the United States

• A)government expenditure on goods and services is the largest category.
• B)investment is the largest category.
• C)investment is much larger than government expenditure on goods and services.
• D)investment is less than government expenditure on goods and services.
• E)investment,government expenditure on goods and services,and consumption expenditure are all about the same size.

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Definitions:

Refuse to Cooperate

The act of not agreeing to work with others in a task or to comply with a request.

Canadian Households

The living arrangements of individuals and families residing in Canada, which can influence economic and social statistical analyses.

Probability

A mathematical representation of the likelihood that an event will occur, expressed as a number between 0 and 1.

Clear

Easily understood or free from confusion or ambiguity.