To calculate GDP when using the income approach, you must add ...

[sc00by25]

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.

[coreycathey]

Answer to Question 1

TRUE

Answer to Question 2

D

[sc00by25]

Thanks for the timely response, appreciate it

[dreamfighter72]

YES! Correct, THANKS for helping me on my review