When GDP is measured as the total payments made to households ...

[HudsonKB16]

When GDP is measured as the total payments made to households that furnish the resources used to produce the final goods and services, it is known as:
 a. the income approach.
  b. the expenditure approach.
  c. the depreciation approach.
  d. the aggregate demand approach.
  e. net national product.

Question 2

Which of the following is not a component of the aggregate demand curve?
 a. Consumption (C).
  b. Investment (I).
  c. Government spending (G).
  d. Net exports (X-M).
  e. All of these are components.

[leahchrapun]

Answer to Question 1

a

Answer to Question 2

e