What are the categories of expenditure used in the expenditure ...

[mckennatimberlake]

What are the categories of expenditure used in the expenditure approach to measuring GDP?
 
  What will be an ideal response?

Question 2

The proposition that in the long run when real GDP equals potential GDP, an increase in the quantity of money leads to an equal percentage increase in the price level is the called the quantity theory of
 
  A) constant velocity.
  B) the long run.
  C) money.
  D) inflation.
  E) equal change.

[popopong]

Answer to Question 1

There are four expenditure categories. The expenditure approach calculates the sum of consumption expenditure, investment, government expenditure on goods and services, and net exports of goods and services. Net exports of goods and services are the difference between exports of goods and services and imports of goods and services.

Answer to Question 2

C

[mckennatimberlake]

TYSM

[duy1981999]

YES! Correct, THANKS for helping me on my review