« previous next »

Author Question: The five categories of income used in the income approach to the measurement of GDP are A) ... (Read 34 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?

About 3.2 billion people, nearly half the world population, are at risk for malaria. In 2015, there are about 214 million malaria cases and an estimated 438,000 malaria deaths.

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?

Computer programs are available that crosscheck a new drug's possible trade name with all other trade names currently available. These programs detect dangerous similarities between names and alert the manufacturer of the drug.

Did you know?

The largest baby ever born weighed more than 23 pounds but died just 11 hours after his birth in 1879. The largest surviving baby was born in October 2009 in Sumatra, Indonesia, and weighed an astounding 19.2 pounds at birth.

Did you know?

People with alcoholism are at a much greater risk of malnutrition than are other people and usually exhibit low levels of most vitamins (especially folic acid). This is because alcohol often takes the place of 50% of their daily intake of calories, with little nutritional value contained in it.

Examination of the Thyroid Gland, Posterior Approach Examination of the Thyroid Gland, Posterior Approach
Categories of Mammalian Thermal Receptors Categories of Mammalian Thermal Receptors
Humidity Measurement and Gas Flowrate Experiment Humidity Measurement and Gas Flowrate Experiment
How the Return to Education Affects the Distribution of Income How the Return to Education Affects the Distribution of Income
How an Increase in Income Inequality Affects the Desired Tax Rate How an Increase in Income Inequality Affects the Desired Tax Rate
Children: A Chronological Approach, Canadian Edition Children: A Chronological Approach, Canadian Edition
Video: Exocytosis - secretion

For a complete list of videos, visit our video library