Multiple Choice
In calculating GDP by the income approach, we should sum up:
A) wages, consumption, investment and rent.
B) wages, rent, interest and profit income.
C) wages, interest, investment, and exports.
D) wages, profit income, investment, and consumption.
Correct Answer:
Verified
Correct Answer:
Verified
Q88: Of the countries listed in Image 7.2
Q89: Gross domestic product is what type of
Q90: If depreciation (consumption of fixed capital) exceeds
Q91: The following are national income account data
Q92: The table below indicates the price and
Q94: <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB6686/.jpg" alt=" Refer to the
Q95: In an economy experiencing a declining production
Q96: Which of the following of the countries
Q97: The GDP figure by the income approach
Q98: GDP tends to underestimate the productive activity