Which approach to calculating GDP is computed using compensation of employees, rental income, profits, net interest, indirect business taxes, and depreciation?
a. The expenditure approach.
b. The income approach.
c. The product-market approach.
d. The circular-flow approach.
Question 2
The aggregate demand curve:
a. would be little affected by a technological advancement.
b. shifts to the right when spending decreases.
c. shifts to the left when there is a decrease in taxes.
d. cannot move independently of the aggregate supply curve.
e. shifts to the right when there is an expectation that future income will fall.
Part A - Calculating the expected number of each phenotype
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