« previous next »

Author Question: Using the income approach, indirect business taxes have to be added to get gross domestic product ... (Read 54 times)

cookcarl

  • Hero Member
  • *****
  • Posts: 539
on: Jun 30, 2018
Using the income approach, indirect business taxes have to be added to get gross domestic product because the:
 a. selling price of a product includes these taxes, which are income to the governmentrepresent ing the public interest of households.
 b. selling price of a product includes these taxes, which are resource payments.
  c. selling price of a product excludes these taxes and therefore they have to be added.
  d. selling price includes these taxes which are actually not income to any sector of the economy.

Question 2

The aggregate demand curve:
 a. shows the level of real GDP purchased in the economy at different possible price levels during a period of time.
  b. shows the level of real GDP produced in the economy at different possible price levels during a period of time.
  c. shifts to the left whenever there is an increase in aggregate expenditures.
  d. slopes upward.


mochi09

  • Sr. Member
  • ****
  • Posts: 335
Reply #1 on: Jun 30, 2018
Answer to Question 1

a

Answer to Question 2

a


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
« previous next »
 

Did you know?

For high blood pressure (hypertension), a new class of drug, called a vasopeptidase blocker (inhibitor), has been developed. It decreases blood pressure by simultaneously dilating the peripheral arteries and increasing the body's loss of salt.

Did you know?

Recent studies have shown that the number of medication errors increases in relation to the number of orders that are verified per pharmacist, per work shift.

Did you know?

Women are 50% to 75% more likely than men to experience an adverse drug reaction.

Did you know?

The Food and Drug Administration has approved Risperdal, an adult antipsychotic drug, for the symptomatic treatment of irritability in children and adolescents with autism. The approval is the first for the use of a drug to treat behaviors associated with autism in children. These behaviors are included under the general heading of irritability and include aggression, deliberate self-injury, and temper tantrums.

Did you know?

Drying your hands with a paper towel will reduce the bacterial count on your hands by 45–60%.

Worldwide Variations in Population and Income Levels Worldwide Variations in Population and Income Levels
Multisystemic Approach to Delinquency Multisystemic Approach to Delinquency
Lilly Martin Spenser’s painting, Domestic Happiness (1844), reflects the change in attitudes toward Lilly Martin Spenser’s painting, Domestic Happiness (1844), reflects the change in attitudes toward
In 1891 William Dean Howells championed the poetry of Emily Dickinson: “This poetry is as characteri In 1891 William Dean Howells championed the poetry of Emily Dickinson: “This poetry is as characteri
The Gender Pay Gap Over Time: What Percentage of Men's Income Do Women Earn? The Gender Pay Gap Over Time: What Percentage of Men's Income Do Women Earn?
The Inverted Income Pyramid: The Proportion of Income Received by Each Fifth of the U.S. Population The Inverted Income Pyramid: The Proportion of Income Received by Each Fifth of the U.S. Population
Video: Neural regulation of mechanical digestion- CNS voluntary, ANS & ENS controlled involuntary movements

For a complete list of videos, visit our video library