The income approach to measuring GDP
A) adds the dollar value of final goods and services.
B) adds the income received by all factors of production.
C) excludes durable consumer goods since they last more than a year.
D) excludes profits since profits are a cost of production.
Correct Answer:
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Q246: If consumption expenditures are $500 million, spending
Q247: If, in an economy, households receive $200
Q248: All of the following are included in
Q249: The computation of GDP by adding up
Q250: If consumption expenditures are $120 million, net
Q252: C + net I + G +
Q253: The components of GDP using the income
Q254: The largest component of gross domestic income
Q255: Net exports equal the
A) total value of
Q256: The components of GDP using the expenditure
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