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.
Correct Answer:
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Q93: Exhibit 5-3 Expenditure approach Q94: Exhibit 5-2 Gross domestic product data Q97: Exhibit 5-2 Gross domestic product data Q98: Exhibit 5-3 Expenditure approach Q99: Exhibit 5-2 Gross domestic product data Q100: Exhibit 5-3 Expenditure approach 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
