The Department of Commerce sums the payments made to resources to ...

[ARLKQ]

The Department of Commerce sums the payments made to resources to arrive at GDP in the form of wages, rents, interest, profits, indirect taxes, and depreciation. This method of deriving GDP is called the:
 a. opportunity cost approach.
  b. income approach.
  c. expenditure approach.
  d. monetarist approach.

Question 2

Using the expenditure approach, GDP equals:
 a. C + I + G + (X  M).
  b. C + I + G + (X + M).
  c. C + I  G + (X  M).
  d. C + I + G  (X  M).

[parker125]

Answer to Question 1

b

Answer to Question 2

a

[ARLKQ]

Excellent

[debra928]

Gracias!