The expenditure approach to tabulating gdp a excludes

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The expenditure approach to tabulating GDPA.excludes investment expenditures because they yield consumption in the future. B.adds up the total value of all income earnings during the year.C.adds consumptionexpenditures, investmentexpenditures, governmentexpenditures, interest payment and wages.D.adds up the total amount spent on newly produced domestic goods and services during the year.
The expenditure approach to measuring GDP consists of summing consumption,investment, government purchases of goods and services, and net expenditures in the foreign sector (net exports). The largest component of GDP by far is
Personal consumption expenditures account for nearly71% of total expenditures.If a household purchases a new car and a newrefrigerator, this would be classified as spending on
Durable goods are arbitrarily defined as items that last more than threeyears; they includeautomobiles, furniture, and household appliances.The following table contains data for a hypotheticaleconomy:Consumer Expenditures$500 millionWages$650 millionInvestment Expenditures$200 millionInterest Payments$100 millionGovernment Expenditures$250 millionInterest Receipts$190 millionTotal Exports$100 millionRent$200 millionTotal Imports$150 millionProfits$10
millionAccording to the expenditureapproach, if depreciation is $50million, GDP is_____________ and NDP is___________.
Your answer is correct.NDP = GDP - depreciationD.$1,200 million; $1,150 million
You correctly summed consumer expenditures, investment expenditures, government expenditures, and net exports to compute GDP. You also saw that NDP equals= GDP minus− Depreciation. The biggest component of GDP using the expenditure approach is____________ and the biggest component of GDP using the income approachis_____________.
Your answer is correct.
Consumer expenditures make up71% of total expenditures while wages accountfor59% of total income.The income households actually receivebefore they pay personal income taxesis:

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