The output method of measuring GDP is equivalent to the incomes method of measuring GDP.
Correct Answer:
Verified
Q73: Gross domestic product is calculated by adding
Q74: Deflation increases the purchasing power of money.
Q75: A firm reduces hiring in the next
Q76: If incomes rise by 10% and the
Q77: Since the prices of goods and services
Q79: The claimant count in the UK is
Q80: Economic growth that is driven by increases
Q81: If a few industries contribute to a
Q82: The Phillips curve suggests that a positive
Q83: Explain the trade-off between in?ation and GDP.
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