Author Question: GDP using the expenditure approach equals the sum of personal consumption expenditures plus A) ... (Read 96 times)

dmcintosh · **on:** Jun 29, 2018

GDP using the expenditure approach equals the sum of personal consumption expenditures plus

A) gross private investment.
B) gross private investment plus government expenditure on goods and services.
C) gross private investment plus government expenditure on goods and services minus imports of goods and services.
D) gross private investment plus government expenditure on goods and services plus net exports of goods and services.

Question 2

The above table shows answers given by people interviewed in a government survey of households. Which individuals are considered to be a part of the labor force?

A) C and D
B) B, C, and D
C) A, C, and D
D) A, B, and C