the answer is because many of the concepts and ideas in theories are not directly observable.
For example, one of the most important theories that try to explain the formation of the universe is the Big Bang theory.
But, since this theory stated that the event happened million years ago, we couldn't make a possible effort to observe it and prove it's accuracy.
<u>The factors make up gross domestic product (GDP) under the expenditure approach for calculating GDP are as follows:</u>
- investment
- net exports
- consumer spending
Answer: Option A, C, and F
<u>Explanation:</u>
The formula for calculating GDP by utilising the expenditures approach is Consumer’s expenditure + investment expenditure + Government’s expenditure + net exports, where net export can be obtained by subtracting the net imports from exports.
The alternate word which can be used for expenditure approach is demand approach and by summing up the total demand or expenses, we can get the aggregate demand. The expenditure approach is one among the most sought methods for measuring the GDP (Gross Domestic Product).
Answer:
Scarcity dictates that economic decisions must be made regularly in order to manage the availability of resources to meet human needs. Some examples of scarcity include: The gasoline shortage in the 1970's. ... Coal is used to create energy; the limited amount of this resource that can be mined is an example of scarcity.
Explanation:
Answer:
The term “Secular” means being "separate" from religion, or having no religious basis. A secular person is one who does not owe his moral values to any religion. ... Secularism means separation of religion from political, economic, social and cultural aspects of life, religion being treated as a purely personal matter.
