The income approach to measuring GDP is based on summing
A) the values of final goods, intermediate goods and services, used goods, and financial assets.
B) the production of each industry.
C) consumption expenditure, investment, government expenditures on goods and services, and net exports of goods and services.
D) wages, interest, rent, and profits.
E) consumption expenditure and wages.
D
Economics
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An increase in the quantity demanded could be caused by:
a. an increase in the price of substitute goods b. a decrease in the price of complementary goods c. an increase in consumer income levels d. all of the above e. none of the above
Economics
Since the 1970s, the percentage of total income earned by the poorest 20 percent of American families has fallen
a. True b. False Indicate whether the statement is true or false
Economics