The ______ is a method of calculating GDP by adding how much market participants spend on final goods and services over a specific period of time.
a. investment approach
b. value-added approach
c. production approach
d. expenditure approach
d. expenditure approach
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"Bootstrap financings" are buyouts financed by
A) the company managers' own assets. B) finance companies. C) junk bonds. D) new issuance of bonds.
Oligopolies can result from any of the following EXCEPT
A) economies of scale. B) vertical mergers. C) government regulation. D) diseconomies of scale.
Rolnick and Weber point out that a bimetallic standard will not exhibit Gresham's Law if:
a. people are willing to use coins at their market values. b. people are willing to use coins at their face values. c. the government regulates the quantity of each type of coin in circulation. d. paper money circulates along with minted coins.
A decrease in household income for a good that is considered normal would
A. cause a movement along the demand curve to a (higher price, lower quantity) point. B. move its demand curve to the left. C. cause a movement along the demand curve to a (lower price, higher quantity) point. D. move its demand curve to the right.