The Income Approach to Measuring GDP

Multiple Choice

The income approach to measuring GDP

A) determines the cost of production, then adjusts it to equal the market value of production.
B) sums all incomes earned in the United States and makes no other adjustments because other adjustments are not necessary.
C) measures the cost of producing GDP rather than the market value.
D) sums the value at each stage of production plus the value of depreciation.