This approach in measuring GDP uses incomes earned by producers.
A) Income
B) Expenditure
C) Value-added
D) Total revenue
Correct Answer:
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Q9: A general model of an aggregate economy
Q10: This illustrates the exchange of resources and
Q11: Consistently, the largest component of GDP is
A)Consumption
B)Private
Q12: These are the primary suppliers of output
Q13: This provides a measure of all the
Q15: Jacob decides to sell a used car.He
Q16: This approach in measuring GDP uses total
Q17: Each of the following is counted in
Q18: The value added approach in measuring GDP
Q19: You own a business.You purchase $6,500 in
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