Which of the Following Are Included in the Expenditure Approach

question 94

Multiple Choice

Which of the following are included in the expenditure approach to national income accounting?

• A) defense expenditures
• B) firm expenditures on equipment
• C) residential expenditures
• D) household service expenditures
• E) All of these answers are correct.

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Definitions:

Morphology

The study of the configuration or structure of living organisms.

Metastatic

Pertains to the process by which cancer cells spread from the original site to other parts of the body.

Benign Lipomatous Neoplasm

A non-cancerous tumor made up of fat cells, often occurring just beneath the skin in various parts of the body.

Kidney

A pair of organs located in the abdominal cavity responsible for filtering waste from the blood and producing urine.