Multiple Choice
Which of the following is included in the expenditures approach to GDP?
A) spending on meals by consumers at restaurants
B) expenditures on used clothing at garage sales
C) the value of stocks and bonds bought by businesspersons
D) government spending on welfare payments
Correct Answer:

Verified
Correct Answer:
Verified
Q21: Setup Corporation buys $100,000 of sand, rock,
Q22: The growth of GDP may understate changes
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Q25: The "statistical discrepancy" that the NIPA includes
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Q28: Nominal GDP is adjusted for price changes
Q29: The simplest way to calculate GDP is
Q30: If real GDP rises and the GDP
Q31: If inflows to the capital stock are