The income approach to measuring GDP involves adding up the following ________.
A) household income and income generated by firms
B) private spending,tax revenues and government spending
C) transfer payments and income taxes
D) interest income,profits and social security benefits
E) wages,benefits and interest income
Correct Answer:
Verified
Q23: An international comparison of eight major industrialized
Q24: An example of a nominal variable is
Q25: According to the fundamental identity of national
Q26: Which of the following is included in
Q27: Private disposable income equals GDP _.
A)minus corporate
Q29: Describe how the investment component of GDP
Q30: Over the past half-century,government transfer payments have
Q31: Which of the following is included in
Q32: Which component of employee compensation has grown
Q33: The total income earned by residents of
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