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Author Question: The Department of Commerce sums the payments made to resources to arrive at GDP in the form of ... (Read 21 times)

ARLKQ

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on: Jun 30, 2018
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).


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parker125

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

b

Answer to Question 2

a


ARLKQ

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Reply 2 on: Jun 30, 2018
Excellent

juliaf

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Reply 3 on: Yesterday
Gracias!

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