« previous next »

Author Question: Using the income approach, indirect business taxes have to be added to get gross domestic product ... (Read 56 times)

cookcarl

  • Hero Member
  • *****
  • Posts: 539
on: Jun 30, 2018
Using the income approach, indirect business taxes have to be added to get gross domestic product because the:
 a. selling price of a product includes these taxes, which are income to the governmentrepresent ing the public interest of households.
 b. selling price of a product includes these taxes, which are resource payments.
  c. selling price of a product excludes these taxes and therefore they have to be added.
  d. selling price includes these taxes which are actually not income to any sector of the economy.

Question 2

The aggregate demand curve:
 a. shows the level of real GDP purchased in the economy at different possible price levels during a period of time.
  b. shows the level of real GDP produced in the economy at different possible price levels during a period of time.
  c. shifts to the left whenever there is an increase in aggregate expenditures.
  d. slopes upward.


mochi09

  • Sr. Member
  • ****
  • Posts: 335
Reply #1 on: Jun 30, 2018
Answer to Question 1

a

Answer to Question 2

a


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
« previous next »
 

Did you know?

Blood is approximately twice as thick as water because of the cells and other components found in it.

Did you know?

When blood is deoxygenated and flowing back to the heart through the veins, it is dark reddish-blue in color. Blood in the arteries that is oxygenated and flowing out to the body is bright red. Whereas arterial blood comes out in spurts, venous blood flows.

Did you know?

Ether was used widely for surgeries but became less popular because of its flammability and its tendency to cause vomiting. In England, it was quickly replaced by chloroform, but this agent caused many deaths and lost popularity.

Did you know?

Pope Sylvester II tried to introduce Arabic numbers into Europe between the years 999 and 1003, but their use did not catch on for a few more centuries, and Roman numerals continued to be the primary number system.

Did you know?

Before a vaccine is licensed in the USA, the Food and Drug Administration (FDA) reviews it for safety and effectiveness. The CDC then reviews all studies again, as well as the American Academy of Pediatrics and the American Academy of Family Physicians. Every lot of vaccine is tested before administration to the public, and the FDA regularly inspects vaccine manufacturers' facilities.

Indirect Interaction (Foodwebs) Indirect Interaction (Foodwebs)
Global Stratification: Income of the World's Nations Global Stratification: Income of the World's Nations
Sociologists use income, education, and occupational prestige to measure social class. For most ... Sociologists use income, education, and occupational prestige to measure social class. For most ...
Reservoir/Storage/Impoundment approach Reservoir/Storage/Impoundment approach
Use the product rule to find derivative Use the product rule to find derivative
If 65.0 mL of 0.125 M HClO4 is added to 75.0 mL of 0.100 M KOH, what is the resulting pH? If 65.0 mL of 0.125 M HClO4 is added to 75.0 mL of 0.100 M KOH, what is the resulting pH?
Video: Endocytosis -Types and Phagocytosis

For a complete list of videos, visit our video library