The factor income approach to calculating GDP states that GDP is equal to:
A) consumption + investment + government spending + net exports.
B) investment + wages + rent + profit.
C) investment + profit.
D) wages + rent + interest + profit.
Correct Answer:
Verified
Q67: Economists call spending by all levels of
Q69: Which of the following would NOT be
Q73: Economists call the value of exports minus
Q77: Using the national spending approach to measuring
Q84: Spending on goods imported into the U.S.is
Q85: Programmers produce a large amount of software
Q175: Use the following to answer questions:
Q176: According to the factor income approach, GDP
Q177: Use the following to answer questions:
Q179: Use the following to answer questions:
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