Author Question: In order to measure gross domestic product, we can follow A) three approaches: the expenditure ... (Read 65 times)

jho37 · **on:** Jun 30, 2018

In order to measure gross domestic product, we can follow

A) three approaches: the expenditure approach, the income approach, and the production approach.
B) only one approach: the circular flow approach.
C) two approaches: the expenditure approach and the income approach.
D) only one approach: the national accounts approach.
E) three approaches: the expenditure approach, the income approach, and the market-based approach.

Question 2

Refer to Scenario 12.1. Assume Jennifer gave up smoking for only one year and invested that money (2,190 ) at the 5 percent interest rate. How much would the investment be worth in 35 years?

A) 2,300 B) 12,080 C) 32,445 D) 80,483