Author Question: To calculate GDP when using the income approach, you must add indirect business taxes and ... (Read 46 times)

sc00by25 · **on:** Jun 29, 2018

To calculate GDP when using the income approach, you must add indirect business taxes and depreciation.

Indicate whether the statement is true or false

Question 2

You withdraw 2,000 from your account. Your bank has a desired reserve ratio of 20 percent. This transaction, by itself, will directly reduce

A) the quantity of money by 1,600.
B) deposits by 1,600.
C) the quantity of money by 2,000.
D) deposits by 2,000.