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Author Question: GDP, according to the income method, is the sum of: a. wages, rent, interest, and profits. b. ... (Read 104 times)

tfester

  • Hero Member
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  • Posts: 534
on: Jun 30, 2018
GDP, according to the income method, is the sum of:
 a. wages, rent, interest, and profits.
  b. consumption, gross investment, depreciation, and net exports.
  c. depreciation, net factor income from abroad, and indirect business taxes.
  d. gross investment, wages, profits, rent, and indirect business taxes.
  e. consumption, profits, interest, rent, and net exports.

Question 2

Bill Gates' recent purchase of a new Rolls-Royce automobile produced in Great Britain will:
 a. increase the gross domestic product of the United States.
  b. have no effect on either country's GDP.
  c. decrease Great Britain's GDP.
  d. increase the net export component of U.S. gross domestic product.
  e. have to be subtracted from the U.S. GDP.


yasmina

  • Sr. Member
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  • Posts: 323
Reply #1 on: Jun 30, 2018
Answer to Question 1

a

Answer to Question 2

e


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