Author Question: Using the income approach, the largest portion of GDP is: a. employee compensation. b. net ... (Read 62 times)

moongchi · **on:** Jun 30, 2018

Using the income approach, the largest portion of GDP is:
a. employee compensation.
b. net interest.
c. rent.
d. profits.
e. depreciation.

Question 2

Aggregate demand's downward-sloping character reflects three principal influences as shown in which of the following?
a. People's desire to maintain real wealth holdings, the interest rate, and international trade.
b. People's desire to increase the price level, the interest rate, and the economic growth effect.
c. The interest rate, the economic growth effect, and international trade.
d. Cost-pull inflation, demand-pull inflation, and the need to maintain real wealth holdings.
e. Recession phases of the business cycle, upturns, and downturns.