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Author Question: To calculate GDP using the income approach, add: a. indirect business taxes and Social Security ... (Read 84 times)

anshika

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on: Jun 30, 2018
To calculate GDP using the income approach, add:
 a. indirect business taxes and Social Security taxes.
  b. capital depreciation and Social Security taxes.
  c. indirect business taxes and personal taxes.
  d. indirect business taxes and depreciation.
  e. compensation of employees, rents, profits, net interest, indirect business taxes, and depreciation.

Question 2

Which of the following is not a reason for the downward slope of the aggregate demand curve?
 a. Real balances effect
  b. Interest-rate effect
  c. Net exports effect
  d. Government spending effect


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emsimon14

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Reply #1 on: Jun 30, 2018
Answer to Question 1

e

Answer to Question 2

d


anshika

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Reply 2 on: Jun 30, 2018
Excellent

momolu

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Reply 3 on: Yesterday
Great answer, keep it coming :)

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