Which of the following is NOT part of the income used in the income approach to measuring GDP?
A) wages
B) rent
C) interest
D) taxes paid by persons
E) profit
Correct Answer:
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Q149: A south sea island produces only coconuts.In
Q150: The business cycle describes
A)the change in potential
Q151: In 1961,real GDP totaled $575 billion and
Q152: A business cycle has two turning points,which
Q153: Which of the following is NOT included
Q155: If we use GDP to measure our
Q156: The difference between nominal GDP and real
Q157: Nominal GDP can change
A)only if prices change.
B)only
Q158: The sum of the components of incomes
Q159: The business cycle is defined as
A)changes in
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