Author Question: According to the expenditure approach, the largest component of GDP is: a. government spending. b. ... (Read 90 times)

V@ndy87 · **on:** Jun 30, 2018

According to the expenditure approach, the largest component of GDP is:
a. government spending.
b. proprietor's income.
c. net interest.
d. personal consumption expenditures.
e. compensation of employees.

Question 2

New residential housing is counted in GDP as a(n):
a. durable consumption good.
b. household durable good.
c. investment good.
d. inventory expansion.
e. long-term durable good.