The Income Approach to Measuring GDP

question 125

Multiple Choice

The income approach to measuring GDP:

• A)focuses on how income is spent.
• B)uses the factors payments made by businesses to households to estimate GDP.
• C)adds up all household expenditures to calculate aggregate income and GDP.
• D)ignores how income is earned and focuses instead on how it is used.

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Definitions:

Cuboidal Epithelium

A type of epithelial tissue with cube-shaped cells, found lining various glands and ducts in the body.

Transitional Epithelium

A type of epithelial tissue that can stretch and contract, found lining organs that need to accommodate fluctuating volumes of fluid, such as the bladder.

Neuroectoderm

The embryonic portion that develops into the nervous system and skin.

Mesoderm

In the early development phase of an embryo, the central layer that is the precursor to the formation of the muscular system, skeletal structure, and circulatory network.