To measure GDP by using the income approach, we must add all incomes and then ________ depreciation and ________ net taxes less subsidies

A) add; neither add nor subtract
B) add; add
C) add; subtract
D) subtract; add
E) neither add nor subtract; add

B

Economics

You might also like to view...

In a perfectly competitive world:

A) two-way trade would not occur. B) one-way trade would not occur. C) neither one-way trade nor two-trade would occur. D) both one-way trade and two-way trade would occur.

Economics

Under conditions of perfect competition, profits can get squeezed out because of a

a. rising ATC curve. b. higher AR curve. c. higher MR curve. d. lower ATC curve.

Economics