Using the data in the above table, gross domestic product as calculated by the income approach equals ________.
A) 2,333
B) 2,592
C) 2,925
D) 2,205
Question 2
In the 1990s, video recordings were made primarily on tapes. However, in the 2000s DVDs became increasingly popular, leading to a sharp decline in video tapes.
As a result, many people who manufactured tapes lost their jobs and didn't have the skills necessary to work making DVDs. This occurrence is best consider an example of A) frictional unemployment.
B) structural unemployment.
C) cyclical unemployment.
D) underemployment.
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Distribution of the Income of Americans
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