Author Question: Consider GDP calculated according to the expenditures approach. Which of the following components of ... (Read 50 times)

FButt · **on:** Jun 30, 2018

Consider GDP calculated according to the expenditures approach. Which of the following components of GDP would need to decrease for GDP to increase?
a. Imports
b. Consumption
c. Exports
d. Investment
e. Government spending

Question 2

What is the approximate percent of GDP produced by private firms in the United States?
a. 4 percent
b. 11 percent
c. 25 percent
d. 57 percent
e. 75 percent