Question 6

In measuring GDP from the expenditure side, which of the following expenditures are included and within which of the four categories?

6.1 expenditures on new machinery by Canadian-owned forest companies in the United States

6.2 expenditures on automobiles by consumers

6.3 expenditures on automobiles by firms

6.4 expenditures on used machinery by Canadian-owned forest companies in Canada

Answer rating: 100% (QA)

6 In Macroeconomics based on the Expenditure Method of calculating GDP or National Income GDP or the National Income can be calculated by aggregating ... View the full answer