Which of the following answer choices best describes a consumption expenditure category in the national income accounting? Multiple Choice both new and used consumer goods automobiles for personal use, but not newly constructed houses consumer durable and nondurable goods, but not services consumer nondurable goods and services, but not consumer durable goods

Which of the following form the basis of GDP calculated using the income approach?   Question 4 options:   depreciation, profit, investment, and interest   wages, rent, profit, and interest   wages, depreciation, profit, and consumption   Indirect taxes, consumption, rent, and wages   factor prices, profit, rent, and net capital

Definition of GDP and explanation of why this is equal to national income [ an explanation of how expenditure approach and income approach to GDP are related ]

Identify whether or not each of the following transactions would be included in GDP, and if so, which method of calculating (income or expenditures), and further, which category?  f. A shareholder sells $5000 of their stock to another buyer. g. A Canadian marketing agency is hired by a European company to design a marketing campaign.h. A shareholder is paid dividends.

What is the biggest spending component of GDP?

The expenditures on tires by the Ford Motor Company are not included directly in GDP statistics while consumer expenditures on replacement tires are included. Why?