Question Details

Which of the following items is not a component of the expenditure approach to measuring U.S. GDP 



1) Which of the following is NOT part of the expenditure approach to measuring GDP?
A) gross private domestic investment
B) net exports of goods and services
C) net interest
D) personal consumption expenditures
2) To measure GDP using the expenditure approach you must collect data on
A) inflation.
B) exports.
C) wages.
D) saving.
3) Aggregate expenditures include all of the following EXCEPT
A) consumption of food.
B) purchases of intermediate goods.
C) purchases of a piece of capital equipment.
D) purchases of guns by the government.
4) Gross Domestic Product is equal to the sum of consumption expenditure, investment, net
exports, and ________.
A) government expenditures on goods and services
B) saving
C) profits
D) net taxes
5) Which of the following items is not a component of the expenditure approach to measuring U.S. GDP ?
A) purchases of food made by families
B) social security payments made by the government
C) purchases of U.S.-made movies by Europeans
D) purchases of new homes made by families



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