The expenditures approach to GDP equals
A) Employee Compensation + Profit + Net Property Income + Indirect Business Taxes + Depreciation - Income Earned Abroad.
B) Consumption + Gross Investment + Government Purchases + Net Exports.
C) Consumption + Net Investment (Gross Investment-Depreciation) + Government Purchases + Net Exports.
D) Employee Compensation - Profit - Net Property Income - Indirect Business Taxes-Depreciation - Income Earned Abroad.
Correct Answer:
Verified
Q1: Which of these goods will not be
Q2: The reason that only final sales count
Q4: Suppose a Boeing 777 is sold to
Q5: Gross Domestic Product is counted using two
Q6: How does GDP deal with a Ford
Q7: The reason that only final sales are
Q8: Suppose an apple pie sells at a
Q9: If a market basket was defined in
Q10: The income approach to GDP equals
A)Employee Compensation
Q11: One subject of study for macroeconomics is
A)inflation.
B)monopoly.
C)perfect
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