When the Expenditure Approach Is Used to Measure GDP, the Major

Multiple Choice

When the expenditure approach is used to measure GDP, the major components of GDP are

A) consumption, investment, indirect business taxes, and depreciation.
B) employee compensation, rents, interest, self-employment income, and corporate profits.
C) employee compensation, corporate profits, depreciation, and indirect business taxes.
D) consumption, investment, government consumption and gross investment, and net exports.