To measure GDP by using the income approach,we must add all incomes and then ________ depreciation and ________ net taxes less subsidies.
A) neither add nor subtract;add
B) add;neither add nor subtract
C) add;add
D) add;subtract
E) subtract;add
Correct Answer:
Verified
Q114: Q115: If the statistical discrepancy is zero,in order Q116: Once the categories of income are totaled,the Q117: The sum of all the income categories Q118: Adding wages,interest,rent,and profits yields Q120: Real GDP measures the value of goods Q121: If real GDP is greater than nominal Q122: When the value of nominal GDP increases Q123: If nominal GDP increases this year,then real Q124: Assume that a small country produces only
A)gross domestic product.
B)gross domestic
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