Multiple Choice
Suppose we have the following information about a car manufacturer: car sales $1000M,steal purchases $600M,wages $300M,interest on business loans $50M,and profits $50M. What is its contribution to GDP using the product approach?
A) $1000M
B) $600M
C) $400M
D) $350M
Correct Answer:

Verified
Correct Answer:
Verified
Q42: Approaches to measuring GDP include all of
Q43: NIPA means<br>A) New Income and Price Accounting.<br>B)
Q44: An intermediate good is a good that
Q45: When we try to measure real GDP
Q46: Suppose we know the following about a
Q48: For the following questions, suppose an economy
Q49: Inventory investment consists of<br>A) construction expenditures, raw
Q50: For the following questions, suppose an economy
Q51: For the following questions, suppose an economy
Q52: If real GDP grows faster than nominal