Multiple Choice
In order to measure gross domestic product,we can follow
A) only one approach: the circular flow approach.
B) two approaches: the expenditure approach and the income approach.
C) only one approach: the national accounts approach.
D) three approaches: the expenditure approach,the income approach,and the production approach.
E) three approaches: the expenditure approach,the income approach,and the market-based approach.
Correct Answer:

Verified
Correct Answer:
Verified
Q1: Which of the following describes the Australian
Q7: Investment includes<br>A)Harvey Norman's purchase of camera surveillance
Q8: Government expenditures on goods and services include
Q13: The business cycle is defined as<br>A)persistent growth
Q13: A restaurant buys fish to offer as
Q16: The base year is 2015.A country only
Q17: The base year is 2014.A country only
Q28: In measuring GDP, which of the following
Q38: Nominal GDP is GDP<br>A) after adjusting for
Q167: The circular flow shows that GDP measures