The Four Components That Make Up GDP in the Expenditure

question 26

Multiple Choice

The four components that make up GDP in the expenditure approach are:

• A) C, I, G, and NX.
• B) C, I, G, and EX.
• C) K, I, G, and NX.
• D) C, I_{m, G, and EX.}

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Definitions:

Dying

The process of approaching death or the cessation of life.

Death

The cessation of all biological functions that sustain a living organism, marking the end of life.

Annual Income

is the total amount of money earned by an individual, organization, or entity in one year, from all sources before taxes and deductions.

Education Level

The highest degree or level of schooling completed by an individual.