menu-iconExamlexExamLexServices

Discover

Ask a Question
  1. All Topics
  2. Topic
    Business
  3. Study Set
    Principles of Macroeconomics Study Set 11
  4. Exam
    Exam 6: Measuring National Output and National Income
  5. Question
    Write Out the Formula for Calculating GDP Using the Income
Solved

Write Out the Formula for Calculating GDP Using the Income

Question 49

Question 49

Essay

Write out the formula for calculating GDP using the income approach.

Correct Answer:

verifed

Verified

GDP = National Income + Deprec...

View Answer

Unlock this answer now
Get Access to more Verified Answers free of charge

Related Questions

Q44: Prostitution and illegal drug consumption are not

Q45: Explain how the term investment in economics

Q46: Many American companies that previously manufactured goods

Q47: Suppose that your economics professor spent a

Q48: Define national income and identify its five

Q50: List some limitations of GDP as a

Q51: <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB2925/.jpg" alt=" -Using

Q52: Why should we care about the underground

Q53: Why aren't intermediate goods counted in GDP?<br>

Q54: Explain why real GDP may only rise

Examlex

ExamLex

About UsContact UsPerks CenterHomeschoolingTest Prep

Work With Us

Campus RepresentativeInfluencers

Links

FaqPricingChrome Extension

Download The App

Get App StoreGet Google Play

Policies

Privacy PolicyTerms of ServiceHonor CodeCommunity Guidelines

Scan To Download

qr-code

Copyright © (2025) ExamLex LLC.

Privacy PolicyTerms Of ServiceHonor CodeCommunity Guidelines