Questions: Which of the following is NOT part of the expenditure approach to calculating GDP? Imports Labor income Exports Business investments

The answer is the first one: Imports.

Explanation for each option:

1. Imports: Imports are not part of the expenditure approach to calculating GDP. In fact, they are subtracted from the total because they represent spending on goods and services produced outside the country.

2. Labor income: Labor income is not directly part of the expenditure approach. It is part of the income approach to calculating GDP, which looks at the total income earned by individuals and businesses in the economy.

3. Exports: Exports are included in the expenditure approach to GDP. They represent spending by foreign buyers on a country's goods and services, contributing to the total economic output.

4. Business investments: Business investments are part of the expenditure approach. This includes spending on capital goods such as machinery, buildings, and technology, which contribute to the production capacity of the economy.

Summary: Imports are not part of the expenditure approach to calculating GDP; they are subtracted from the total expenditure. The other options (labor income, exports, and business investments) are either part of the expenditure approach or related to other methods of calculating GDP.