
GDP can be calculated by all of the following except:
A) summing the market value of all final goods and services produced in a year
B) summing the value added at each stage of production
C) adding total expenditures on goods and services
D) using the total income earned in the production of goods and services, subtracting net factor income from abroad, and adding depreciation and indirect business taxes
E) None - all of these can be used to calculate GDP.
Correct Answer:
Verified
Q34: For a hypothetical economy in a given
Q35: A reduction in the value of capital
Q36: What is an indirect business tax?
A) A
Q37: World GDP is _ World GNP.
A) more
Q38: The difference between gross investment and net
Q40: National income is
A) personal income plus personal
Q41: If 1 U.S. dollar = 11.76 shillings,
Q42: Foreign exchange constitutes
A) foreign stock market activity.
B)
Q43: The foreign exchange market
A) is located at
Q44: The idea that total expenditures equal total
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