Solved

Which Approach to Calculating GDP Would Be Best to Compare

Question 45

Multiple Choice

Which approach to calculating GDP would be best to compare consumer activity versus government purchases?

A) The expenditure approach
B) The income approach
C) The value-added approach
D) Any of these measurements will allow that comparison equally well.

Related Questions

Q40: An example of a final good is:<br>A)

Q41: A depression is a:<br>A) severe and extended

Q42: Upon getting a big promotion, Sally decides

Q43: Intermediate goods are not included in GDP

Q44: Consumption, as a component of GDP:<br>A) measures

Q46: When maximizing economic growth is a country's

Q47: The base year refers to the year

Q48: An example of a transfer payment is:<br>A)

Q49: John is a U.S. citizen who works

Q50: In the United States the underground economy