Compensation of employees is the largest component of GDP when using the expenditure approach to calculate GDP
Indicate whether the statement is true or false
False
You might also like to view...
All of the following can create a bias in the CPI EXCEPT the
A) new goods bias. B) outlet substitution bias. C) commodity substitution bias. D) GDP price index bias. E) quality change bias.
How much a firm must charge to sell any given quantity of their product is described by a(n):
A. demand curve. B. supply curve. C. inverse demand function. D. production function.
Which of the following was not a cause of the Great Recession?
a. Deregulating nationally chartered banks but not state-chartered banks. b.Government incentives to increase home ownership. c. Government encouragement of creative home-buying strategies. d. Relaxation of bank underwriting standards. e. All of the above were causes of the Great Recession.
A firm that retains earnings does the equivalent of
A. borrowing money from the firm's shareholders. B. decreasing its own net worth. C. decreasing the net worth of the firm's shareholders. D. lending money to the firm's shareholders.