Which of the following would be the best measure of the cost of living?

As recessions begin, employment

a) rises and income falls. b) falls and income rises. c) and income both fall. d) and income both rise.

The income approach measures GDP by summing

A) the wealth of households, business and government. B) the incomes paid households for the resources they own. C) the total production of all final goods and services produced in a year within a country's borders. D) C + I + G + NX. E) Both answers A and D are correct.