This topic contains a solution. Click here to go to the answer
« previous next »

Author Question: The approach to GDP that sums compensation of employees, rental income, corporate profits, net ... (Read 51 times)

WhattoUnderstand

  • Hero Member
  • *****
  • Posts: 517
on: Jun 29, 2018
The approach to GDP that sums compensation of employees, rental income, corporate profits, net interest, proprietors' income, depreciation, and indirect taxes and subtracts subsidies is the
 
  A) opportunity cost approach.
  B) expenditure approach.
  C) added cost approach.
  D) income approach.

Question 2

The positive relationship between short-run aggregate supply and the price level indicates that, in the short run
 
  A) firms produce more output as the price level falls.
  B) firms produce more output as the price level rises.
  C) the money wage rate increases when moving along the short-run aggregate supply curve.
  D) lower price levels are more profitable for firms.


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

wfdfwc23

  • Sr. Member
  • ****
  • Posts: 338
Reply #1 on: Jun 29, 2018
Answer to Question 1

D

Answer to Question 2

B


WhattoUnderstand

  • Member
  • Posts: 517
Reply 2 on: Jun 29, 2018
Gracias!

Hdosisshsbshs

  • Member
  • Posts: 315
Reply 3 on: Yesterday
Thanks for the timely response, appreciate it

« previous next »
 

Did you know?

More than nineteen million Americans carry the factor V gene that causes blood clots, pulmonary embolism, and heart disease.

Did you know?

Common abbreviations that cause medication errors include U (unit), mg (milligram), QD (every day), SC (subcutaneous), TIW (three times per week), D/C (discharge or discontinue), HS (at bedtime or "hours of sleep"), cc (cubic centimeters), and AU (each ear).

Did you know?

In ancient Rome, many of the richer people in the population had lead-induced gout. The reason for this is unclear. Lead poisoning has also been linked to madness.

Did you know?

Symptoms of kidney problems include a loss of appetite, back pain (which may be sudden and intense), chills, abdominal pain, fluid retention, nausea, the urge to urinate, vomiting, and fever.

Did you know?

Drugs are in development that may cure asthma and hay fever once and for all. They target leukotrienes, which are known to cause tightening of the air passages in the lungs and increase mucus productions in nasal passages.

Approach used to determine the evolutionary relationships among many animal species using molecular Approach used to determine the evolutionary relationships among many animal species using molecular
A patient centered care approach A patient centered care approach
Income of Adult Children Compared With That of Their Parents Income of Adult Children Compared With That of Their Parents
Relationship between Income and Happiness in the United States Relationship between Income and Happiness in the United States
Income per Capita versus Income of the Bottom Quintile Income per Capita versus Income of the Bottom Quintile
E9-23 Prepare income statements Explain the difference in operating income E9-23 Prepare income statements Explain the difference in operating income
Video: Amniocentesis and CVS Animation

For a complete list of videos, visit our video library