Author Question: After calculating net domestic product at factor cost, to calculate GDP using the income approach, ... (Read 64 times)

Kthamas · **on:** Jun 30, 2018

After calculating net domestic product at factor cost, to calculate GDP using the income approach, in part we must add

A) interest, rent, and profit.
B) wages.
C) indirect taxes and depreciation.
D) net operating surplus.
E) subsidies.

Question 2

Which of the following increases the supply of a good?

A) Prices of inputs used to produce the good rise.
B) Productivity improves.
C) Producers expect higher prices for the good in the future.
D) There is a decrease in the price of a complement in production.
E) The number of producers decreases.