How does the income approach measure GDP?
What will be an ideal response?
The incomes approach adds the compensation of employees, net interest, rental income, corporate profits and proprietors' income to give net domestic income at factor cost. Then indirect taxes and depreciation are added. Finally, subsidies are subtracted to obtain GDP.
Economics
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The above table shows data from the GDP accounts of Hypothetica. Hypothetica's GDP is ________ billion
A) $270 B) $210 C) $190 D) $160
Economics
Suppose $100 is deposited in a bank account paying 5% compounded annually. If the interest earned is X after 5 years, then the interest earned will be 2X after 10 years
Indicate whether the statement is true or false
Economics