List the four components of GDP. Give anexample of each.
Chapter 7 Notes Functions of Agencies p.566 Quasi-legislative Function: Not part of the legislative Branch, but can pass legally binding rules & regulations. o Rules and Regulations: the employees who create these laws are experts in the field o Guidelines: suggestions from the agency that are NOT legally binding Quasi-Judicial Function: Can hold an administrative agency hearing, no jury, an employee of the administrative agency serves as the judge o Agency Procedural Law o Burden of Proof: Preponderance of the Evidence Standard o Procedural Aspects