Which of the following represents the factor income approach to splitting GDP?
A) GDP = wages + profit.
B) GDP = wages + rent + interest.
C) GDP = wages + rent + profit.
D) GDP = wages + rent + interest + profit.
Correct Answer:
Verified
Q62: Which of the following would NOT be
Q159: In the national spending approach, net exports
Q160: Business cycles are short-term movements in:
A) real
Q161: Which approach measures GDP by adding together
Q162: Use the following to answer questions:
Q163: Use the following to answer questions:
Q165: Use the following to answer questions:
Q167: Use the following to answer questions:
Q168: Which of the following would NOT be
Q169: The largest spending component of GDP in
Unlock this Answer For Free Now!
View this answer and more for free by performing one of the following actions
Scan the QR code to install the App and get 2 free unlocks
Unlock quizzes for free by uploading documents