The expenditure approach to measuring national income includes the following components:

1. Net Exports: This is the difference between a country's total value of exports and its total value of imports. If a country exports more than it imports, it has a positive net export value. If it imports more than it exports, it has a negative net export value.

2. Consumption: This is the total spending by households on goods and services during a particular period. It does not include purchases of new housing.

3. Investment Spending: This includes spending on capital equipment, inventories, and structures, including household purchases of new housing.

4. Government Spending: This is the sum of government expenditures on final goods and services. It includes salaries of public servants, purchases of weapons for the military, and any investment expenditure by a government.

Corporate profits, wages, and rent are not part of the expenditure approach to measuring national income. These are part of the income approach to measuring national income.

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The expenditure approach to measuring national income includes the following components:

1. Net Exports: This is the difference between a country's total value of exports and its total value of imports. If a country exports more than it imports, it has a positive net export value. If it imports more than it exports, it has a negative net export value.

2. Consumption: This is the total spending by households on goods and services during a particular period. It does not include purchases of new housing.

3. Investment Spending: This includes spending on capital equipment, inventories, and structures, including household purchases of new housing.

4. Government Spending: This is the sum of government expenditures on final goods and services. It includes salaries of public servants, purchases of weapons for the military, and any investment expenditure by a government.

Corporate profits, wages, and rent are not part of the expenditure approach to measuring national income. These are part of the income approach to measuring national income.

Knowee AI · Accepted Answer

The expenditure approach to measuring national income includes the following components:

1. Net Exports: This is the difference between a country's total value of exports and its total value of imports. If a country exports more than it imports, it has a positive net export value. If it imports more than it exports, it has a negative net export value.

2. Consumption: This is the total spending by households on goods and services during a particular period. It does not include purchases of new housing.

3. Investment Spending: This includes spending on capital equipment, inventories, and structures, including household purchases of new housing.

4. Government Spending: This is the sum of government expenditures on final goods and services. It includes salaries of public servants, purchases of weapons for the military, and any investment expenditure by a government.

Corporate profits, wages, and rent are not part of the expenditure approach to measuring national income. These are part of the income approach to measuring national income.

Which of the following are parts of the expenditure approach to measuring national income?Multiple select question.Net ExportsConsumptionWagesInvestment spendingCorporate profitsRentGovernment spending

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