The expenditures or output approach to GDP measures it by summing up ________.
A. the total spending for consumption, investment, net exports, and government purchases
B. compensation of employees, rents, interest, dividends, corporate profits, proprietors' income, and indirect business taxes and subtracting the consumption of fixed capital
C. compensation of employees, rents, interest, dividends, undistributed corporate profits, proprietors' income, indirect business taxes paid, consumption of fixed capital, and net foreign factor income earned in the United States
D. the total spending for consumption and government purchases but subtracting public and private transfer payments
Answer: A
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Assuming all else equal, if the labor demand curve shifts to the left and the labor supply curve remains unchanged, ________
A) equilibrium wage falls B) consumption falls C) unemployment rises D) equilibrium wage rises
Why would a firm in a monopolistically competitive industry advertise?
What will be an ideal response?