Using the Resource Cost-Income Approach, Indirect Business Taxes Have to Be

question 121

Multiple Choice

Using the resource cost-income approach, indirect business taxes have to be added to get gross domestic product because the

• A) selling price of a product includes these taxes, which are income to the government .
• B) selling price of a product includes these taxes, which are resource payments.
• C) selling price of a product excludes these taxes and therefore they have to be added.
• D) selling price includes these taxes which are actually not income to any sector of the economy.

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Definitions:

Maturation

The process of becoming mature, either in a biological sense, such as the physical and developmental changes that occur as an organism grows, or in a psychological context.

Epididymis

A long, coiled tube that stores and carries sperm from the testes to the vas deferens.

Sperm

Male reproductive cells designed to fertilize female ovum, crucial for sexual reproduction.

Corpora Cavernosa

Two columns of erectile tissue found in the penis, which fill with blood during arousal to facilitate erection.