Choose the best statement.
A) An increase in compensation of employees increases aggregate income but does not change GDP.
B) GDP always equals aggregate expenditure and sometimes equals aggregate income.
C) GDP equals aggregate expenditure and equals aggregate income.
D) An increase in government purchases increases aggregate expenditure but does not change GDP.
Correct Answer:
Verified
Q41: Depreciation is defined as the
A) decrease in
Q47: Gross domestic product is the
A) value of
Q48: The circular flow shows that
A) GDP equals
Q49: Which of the following relationships is correct?
A)
Q50: Comparing aggregate expenditure and aggregate incomes shows
Q52: Which of the following is correct?
A) Aggregate
Q53: Net investment equals
A) capital stock minus depreciation.
B)
Q54: Depreciation is subtracted from gross domestic product
Q55: Gross domestic product can be calculated
A) by
Q56: In the nation of Nirvana, depreciation is
Unlock this Answer For Free Now!
View this answer and more for free by performing one of the following actions
Scan the QR code to install the App and get 2 free unlocks
Unlock quizzes for free by uploading documents