« previous next »

Author Question: The five categories of income used in the income approach to the measurement of GDP are A) ... (Read 33 times)

evelyn o bentley

  • Hero Member
  • *****
  • Posts: 564
on: Jun 29, 2018
The five categories of income used in the income approach to the measurement of GDP are
 
  A) consumption, saving, rental income, corporate profits, and investment.
  B) employee compensation, net interest, rental income, corporate profits, and proprietor's income.
  C) employee compensation, consumption, rental income, corporate profits, and proprietor's income.
  D) employee compensation, saving, rental income, corporate profits, and investment.

Question 2

Along a short-run aggregate supply curve, a decrease in the price level means that
 
  A) more output is produced as consumer demand increases.
  B) less output is produced as firms decrease production.
  C) more output is produced as firms increase production because wages fall more than the price level falls, making it profitable to hire more workers.
  D) output does not change because firms do not change the quantity they produce.


Kjones0604

  • Sr. Member
  • ****
  • Posts: 327
Reply #1 on: Jun 29, 2018
Answer to Question 1

B

Answer to Question 2

B


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
« previous next »
 

Did you know?

Eating food that has been cooked with poppy seeds may cause you to fail a drug screening test, because the seeds contain enough opiate alkaloids to register as a positive.

Did you know?

Amphetamine poisoning can cause intravascular coagulation, circulatory collapse, rhabdomyolysis, ischemic colitis, acute psychosis, hyperthermia, respiratory distress syndrome, and pericarditis.

Did you know?

Famous people who died from poisoning or drug overdose include, Adolf Hitler, Socrates, Juan Ponce de Leon, Marilyn Monroe, Judy Garland, and John Belushi.

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.

Did you know?

Although not all of the following muscle groups are commonly used, intramuscular injections may be given into the abdominals, biceps, calves, deltoids, gluteals, laterals, pectorals, quadriceps, trapezoids, and triceps.

Electronic blood pressure measurement Electronic blood pressure measurement
Categories of Cutaneous Receptors Categories of Cutaneous Receptors
Mark Twain supplemented his income as a writer by giving humorous lectures. Mark Twain supplemented his income as a writer by giving humorous lectures.
The anterior arm (shoulder, axilla, anticubital, and inner wrist areas). Approach deep pressure in ... The anterior arm (shoulder, axilla, anticubital, and inner wrist areas). Approach deep pressure in ...
Determination of Income Inequality Determination of Income Inequality
How the Distribution of Education Affects the Distribution of Income How the Distribution of Education Affects the Distribution of Income
Video: Polysaccharides

For a complete list of videos, visit our video library