객관식
Which of the following correctly lists the four main components of GDP using the expenditure approach?
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10. Measuring National Output and Income
Detailed Explanation of GDP Components
객관식
What are the components of GDP?
A
Consumption, Investment, Government purchases, Transfer payments
B
Consumption, Investment, Government purchases, Exports
C
Consumption, Investment, Government purchases, Net exports (exports minus imports)
D
Wages, Rent, Interest, Profits
검증된 단계별 안내1
Step 1: Understand that GDP (Gross Domestic Product) measures the total market value of all final goods and services produced within a country in a given period.
Step 2: Recall that GDP is calculated using the expenditure approach, which sums up spending by different sectors of the economy.
Step 3: Identify the four main components of GDP using the expenditure approach: Consumption (C), Investment (I), Government Purchases (G), and Net Exports (NX).
Step 4: Note that Net Exports (NX) is calculated as Exports (X) minus Imports (M), so NX = X - M.
Step 5: Recognize that Transfer Payments are not included in GDP because they are not payments for goods or services, but rather redistributions of income.
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