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Author Question: When GDP is measured as the total payments made to households that furnish the resources used to ... (Read 55 times)

HudsonKB16

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on: Jun 30, 2018
When GDP is measured as the total payments made to households that furnish the resources used to produce the final goods and services, it is known as:
 a. the income approach.
  b. the expenditure approach.
  c. the depreciation approach.
  d. the aggregate demand approach.
  e. net national product.

Question 2

Which of the following is not a component of the aggregate demand curve?
 a. Consumption (C).
  b. Investment (I).
  c. Government spending (G).
  d. Net exports (X-M).
  e. All of these are components.


leahchrapun

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Reply #1 on: Jun 30, 2018
Answer to Question 1

a

Answer to Question 2

e


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