Select which part of the expenditures approach of calculating the GDP is being described:
All private consumption in a nation's economy is part of this expenditures approach for calculating the GDP.
O gross exports
O gross imports
O consumer spending
O sum of all the country's businesses spending on capital
O sum of government spending

All private consumption in a nation's economy is part of this expenditures approach for calculating the GDP is consumer spending.

The monetary value of all the goods and services that are produced in a country on a given period refers to the GDP. Using the GDP value, the economic growth of a country can be determined. The GDP of a country can be calculated with the help of three methods such as production, income, and expenditures.

The expenditure approach in the calculation of GDP includes the purchase of all goods and services in a given period. Things that are included in this approach are government spending, consumer spending, net exports and, business investment spending. In the given example, it is stated that the private consumption in the nation's economy is the part of this expenditures approach for calculating the GDP. The private consumption depends on the consumer spending.

in terms of experimental research, mcdonald’s charging different prices in the two cities relates to

credit history is used by lenders to determine whether you are a 'risky' person to give their money to.

having a short history provide very little data for the lenders. they wouldn't be able to determine your credit behavior from such a small samples. even if they are perfect.

having long credit history with few blemishes provide larger and more accurate data for the lenders to predict your credit behavior.