Once the categories of income are totaled,the sum is called
A) "GDP measured by the income approach."
B) "net domestic product at factor cost" and is not equal to GDP.
C) "net domestic product at factor cost" and is equal to GDP.
D) "total income earned" and is equal to GDP.
E) GNP and is not equal to GDP.
Correct Answer:
Verified
Q111: Nominal GDP is GDP
A)using current market values.
B)during
Q112: After calculating net domestic product at factor
Q113: Which of the following would be included
Q114: Q115: If the statistical discrepancy is zero,in order Q117: The sum of all the income categories Q118: Adding wages,interest,rent,and profits yields Q119: To measure GDP by using the income Q120: Real GDP measures the value of goods Q121: If real GDP is greater than nominal
A)gross domestic product.
B)gross domestic
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