Once the categories of income are totaled, the sum is called
A) GNP and is not equal to GDP.
B) "total income earned" and is equal to GDP.
C) "net domestic product at factor cost" and is equal to GDP.
D) "GDP measured by the income approach."
E) "net domestic product at factor cost" and is not equal to GDP.
E
Economics
You might also like to view...
Resale price maintenance
A) requires a retailer to sell a good no lower than the specified price. B) is illegal. C) is the price of a maintenance contract on a good, such as an extended service contract on a car. D) has a net negative impact on competition.
Economics
The economic policy based on the incorrect theory that a nation's economic objective should be to accumulate precious metals in the public treasury is called _____
a. laissez-faire b. deficit financing c. socialism d. mercantilism e. capitalism
Economics