Which of the following is NOT included in the income approach to calculating GDP?
A) wages
B) profits
C) interest
D) net exports of goods and services
E) rent
D
Economics
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The largest liability on the balance sheet of most banks is its
A) holdings of securities. B) loans. C) checking account and savings account deposits of its customers. D) deposits with the Federal Reserve. E) vault cash.
Economics
The version of the law of diminishing returns that applies to production
A. is true only when all inputs are variable. B. applies only in the short run. C. implies that as we add more workers our output decreases. D. applies in the short and long run.
Economics