The ________ approach is a method of calculating GDP by adding up all payments to owners of resources used to produce output during the year

The situation where one person's demand for a good depends on the consumption of the good by others is called a

A) network externality. B) network internality. C) consumption externality. D) production externality.

Which of the following is the best example of an automatic stabilizer?

a. a balanced federal budget b. the minimum wage c. unemployment compensation program d. discretionary fiscal policy