Question 8 The largest component of GDP as measured using the expenditure approach is:wages and salary earningsnet profits of corporationsconsumptionO investmentgovernment spending

The measure that depicts the value of goods and services being produced in an economy during…

Answered: The largest component of GDP as…

The largest component of GDP as measured using the expenditure approach is: wages and salary earnings O net profits of corporations consumption investment government spending

Survey Of Economics

10th Edition

ISBN:9781337111522

Author:Tucker, Irvin B.

Publisher:Tucker, Irvin B.

Chapter11: Gross Domestic Product

Section: Chapter Questions

Problem 6SQ

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Question 8

The largest component of GDP as measured using the expenditure approach is:
wages and salary earnings
net profits of corporations
consumption
O investment
government spending

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Calculate GDP using: i) income approach ii) expenditure approach
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