Multiple Choice
In calculating GDP, economists
A) can measure either total expenditure or total income.
B) measure total income plus total expenditure.
C) measure total income minus total expenditure.
D) measure total expenditure as the only true measure.
E) measure total income as the only true measure.
Correct Answer:
Verified
Correct Answer:
Verified
Q119: When measuring GDP,<br>A)the government sector is not
Q120: Which of the following is NOT included
Q121: Which of the following correctly describes a
Q122: Adding wages, interest, rent, and profits yields<br>A)gross
Q123: If a firm does not sell all
Q125: Babysitting services the oldest son provides his
Q126: Which of the following is likely to
Q127: Spending on financial assets<sub>-------------</sub>counted as part of
Q128: In recent years, which of the following
Q129: A restaurant buys fish to offer as