The expenditure approach to GDP accounting includes:
a. wages and salaries.
b. net exports.
c. net interest.
d. corporate profit.
e. proprietors' income.
b
Economics
You might also like to view...
Paper currency that could be redeemed for a specific quantity of an underlying commodity is called
A) commodity money. B) fiat money. C) representative commodity money. D) Federal Reserve cash.
Economics
When MR < MC for a firm, the firm should
A) reduce its level of output. B) stay at the same level of output. C) stop producing. D) increase output, unless P < AVC.
Economics
Normally, both buyers and sellers of a good become worse off when the good is taxed
a. True b. False Indicate whether the statement is true or false
Economics
In the market for wheat, there are many farmers selling exactly the same type of wheat. This is an example of:
What will be an ideal response?
Economics