Wages, salaries, and supplementary labour income are components of which approach to measuring GDP?
A) income approach
B) expenditure approach
C) injections approach
D) output approach
E) value-added approach
Correct Answer:
Verified
Q59: Use the information below to answer the
Q60: Suppose the economy of Econoworld produces only
Q61: Net domestic income at market prices equals
A)consumption
Q62: To obtain the factor cost of a
Q63: Real GDP will increase only if the
A)average
Q65: Use the table below to answer the
Q66: Use the table below to answer the
Q67: Real GDP equals
A)nominal GDP minus the value
Q68: Suppose in current dollar terms, GDP increased
Q69: Use the table below to answer the
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