menu-iconExamlexExamLexServices

Discover

Ask a Question
  1. All Topics
  2. Topic
    Business
  3. Study Set
    Macroeconomics Study Set 20
  4. Exam
    Exam 7: Consumer Choice: Maximizing Utility and Behavioral Economics
  5. Question
    Compensation of Employees Is the Largest Component of GDP When
Solved

Compensation of Employees Is the Largest Component of GDP When

Question 10

Question 10

True/False

Compensation of employees is the largest component of GDP when using the expenditure approach to calculate GDP.

Correct Answer:

verifed

Verified

Unlock this answer now
Get Access to more Verified Answers free of charge

Related Questions

Q5: The standard definition of "recession" is<br>A) a

Q6: Net domestic product equals gross domestic product

Q7: Suppose that inventory investment is $20 billion

Q8: Look at the following data: personal income

Q9: Is it possible for a country with

Q11: Using the expenditures approach,GDP is equal to

Q12: If GDP in year 1 is the

Q13: Suppose that consumption spending is $3,200 billion,spending

Q14: Which of the following is a macroeconomic

Q15: Countries with a large GDP must also

Examlex

ExamLex

About UsContact UsPerks CenterHomeschoolingTest Prep

Work With Us

Campus RepresentativeInfluencers

Links

FaqPricingChrome Extension

Download The App

Get App StoreGet Google Play

Policies

Privacy PolicyTerms of ServiceHonor CodeCommunity Guidelines

Scan To Download

qr-code

Copyright © (2025) ExamLex LLC.

Privacy PolicyTerms Of ServiceHonor CodeCommunity Guidelines