Which of the following would be included in the income approach to calculating U.S. GDP?
a. Wage and salary payments to U.S. workers
b. Purchases of automobiles by households
c. Government purchases of guns and tanks and bombs
d. Purchases of new trucks by Federal Express
e. Purchases of new tractors by farmers
A
Economics
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The United States has the largest percentage of foreigners in its overall population of any nation
Indicate whether the statement is true or false
Economics
Financial innovations may be expected to cause a decline in ________
A) financial frictions B) the credit spread C) the real interest rate on investments D) all of the above E) none of the above
Economics