The Civil War's (1861–1865) impact on the growth and development of the U.S. economy was negative

When real Gross Domestic Product (GDP) exceeds total planned real expenditures,

A) a higher level of equilibrium real Gross Domestic Product (GDP) will prevail. B) the circular flow will increase. C) a lower level of equilibrium real Gross Domestic Product (GDP) will result. D) there will be unplanned decreases in inventories.

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