The income-based GDP is based on:
A) employment income, corporate business income, unincorporated business income, interest and investment income.
B) employment income net of taxes, corporate business income net of taxes, unincorporated business income net of taxes, interest and investment income.
C) personal income and income transfers from governments to households and businesses.
D) personal income net of taxes.
Correct Answer:
Verified
Q27: In the absence of government and foreign
Q28: All the following statements are correct except:
A)
Q29: Double counting can be avoided when computing
Q30: Which of the following statements is false?
A)
Q31: The expenditure-based GDP is equal to:
A) C+I+G+X.
B)
Q33: Which of the following statements is false?
A)
Q34: Nominal GDP measures:
A) total incomes.
B) total output.
C)
Q35: Nominal GDP measures the value of current:
A)
Q36: By using the expenditures (aggregate expenditure) approach,
Q37: Intermediate goods are:
A) partly finished goods.
B) goods
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