Multiple Choice
When a refrigerator worth $1,000 is produced and sold, its contribution to the GDP is measured on the expenditure side by its sale price.How is the refrigerator's contribution to the GDP measured on the income side?
A) according to the wages earned by the workers and the profits earned by the owners of the firm that produced the refrigerator
B) according to wages, interest, and rent paid by the firm's owners to those who contributed to making the refrigerator
C) according to wages, interest, and rent paid by the firm's owners to those who contributed to making the refrigerator, less taxes
D) according to wages, interest, and rent paid by the firm's owners to those who contributed to making the refrigerator, plus the profit the owners kept for themselves
Correct Answer:

Verified
Correct Answer:
Verified
Q28: Louis always knits ten sweaters a year
Q29: In a simple circular-flow diagram, how are
Q30: <span class="ql-formula" data-value="\begin{array} { c c c
Q31: Why is GDP NOT a perfect measure
Q32: What changes are captured by the gross
Q34: Which of the following correctly states the
Q35: Which of the following is a major
Q36: Suppose that the economy is in equilibrium,
Q37: A farmer grows wheat and sells it
Q38: What does the term imputed payment refer