The single largest expenditure component in GDP is   Group of answer choices net exports. government spending. consumption. investment.

Q: In 2008, Lisa bought a used Cadillac from her local automobile dealer.  The Cadillac was originally…

A: The gross domestic product(GDP) calculates the market value of all the final commodities(goods and…

Q: The GNP of a country is $200 billion, receipts of factor income from the rest of the world are $10…

A: GDP is the gross domestic product. GDP is defined as the market value of all the final goods and…

Q: Which of the following would increase the consumption component of U.S. GDP? Select one: OA. A Baton…

A: GDP refers to the gross domestic product that refers to the monetary value of all final goods and…

Q: Question 22 Table 2.1 GDP and its components, 2012 Source: Bureau of Economic Analysis. Table 1.1.5.…

A: Answer to the question is as follows:

Q: Which of the following is counted as part of the US GDP in 2019? Question 9 options:   All cars…

A: All cars include used cars as well so they were not produced in 2019. So not a part of GDP.…

Q: Which of the following is not counted as part of GDP? Group of answer choices the purchase of a snow…

A: GDP: It is used for measuring the final value of goods and services produced in the country in a…

Q: Personal consumption expenditures $5,850 Exports 750 Government spending 1,800 Social Security…

A: 1. Gross Domestic Product (GDP)=C+I+G+X-M=5850+1200+1800+(750-1150)=$8450

Q: A car produced in Canada in 2020 and sold in the U.S. in 2022 is counted in GDP for: Select an…

A: The car would be counted in Canada's GDP in 2020. The reason is that GDP (gross domestic product)…

Q: Which of the following is NOT included in 2013's GDP?   Group of answer choices the commission…

A: 2013's GDP is the sum of the monetary value of all final goods and services produced in an economy…

Q: Which of the following are counted in this year GDP? Justify your answer. a) A local car dealer sold…

A: Gross Domestic Product refers to the value of all the finished goods and services produced inside…