Author Question: The income approach measures GDP by summing A) the wealth of households, business and government. ... (Read 74 times)

KWilfred · **on:** Jun 30, 2018

The income approach measures GDP by summing

A) the wealth of households, business and government.
B) the incomes paid households for the resources they own.
C) the total production of all final goods and services produced in a year within a country's borders.
D) C + I + G + NX.
E) Both answers A and D are correct.

Question 2

Using the information in Table 6.2, the percent increase in prices over the two year period from 2014 to 2016 is approximately

A) 26 percent. B) 31 percent. C) 38 percent. D) 98 percent.