Multiple Choice
The Department of Commerce sums the payments made to resources to arrive at GDP in the form of wages, self-employment income, rents, interest, profits, indirect taxes, and depreciation. This method of deriving GDP is called the
A) opportunity cost approach.
B) resource cost-income approach.
C) expenditure approach.
D) monetarist approach.
Correct Answer:
Verified
Correct Answer:
Verified
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