The income approach to measuring GDP is based on summing
A) the values of final goods, intermediate goods and services, used goods, and financial assets.
B) the production of each industry.
C) consumption expenditure, investment, government expenditures on goods and services, and net exports of goods and services.
D) wages, interest, rent, and profits.
E) consumption expenditure and wages.
D
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Computers are a complement to computer software. Suppose the price of a computer falls. How does this fall in price affect the demand for computer software and the demand curve for computer software?
What will be an ideal response?
Another term for "don't put all your eggs in one basket" is
A) moral hazard. B) indirect finance. C) asymmetric information. D) portfolio diversification.
In order to promote growth through increased quantities of physical capital, governments must promote:
A. a better educational system. B. high rates of saving and investing. C. job training programs. D. funding for basic science.
In the United States, government is the sole property owner of:
A. labor. B. knowledge. C. land. D. air.