Answer:
B
Step-by-step explanation:
Gross domestic product is the total sum of final goods and services produced in an economy within a given period which is usually a year
GDP calculated using the expenditure approach = Consumption spending by households + Investment spending by businesses + Government spending + Net export
Consumption spending includes spending by households on goods and services. Consumption spending includes :
spending on durables - e.g. laptop
spending on nondurables - e.g. clothes, food
spending on services - e.g. payment of hospital bill
the purchase of a textbook by a student is an example of consumption spending on durable goods
Investment - It includes purchases of goods and services made by businesses in the production of goods and services
Government spending - It includes government consumption expenditure and gross investment.
The GDP would differ because the prices of oranges and apples are different
For example, if the price of an apple is $4 and the price of an orange is $1.
The contribution of apples to GDP =$4 x 100 = $400
The contribution of oranges to GDP =$1 x 100 = $100