Which of the Following Is NOT Included in the Income

question 140

Multiple Choice

Which of the following is NOT included in the income approach to measuring GDP?

• A) net interest
• B) net exports
• C) corporate profits
• D) compensation of employees

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Definitions:

National Policy

A course of action adopted and pursued by a government or political party on national issues.

States' Powers

The rights and responsibilities allocated to state governments, as distinguished from those vested in the federal government, under a federal system of governance.

Elastic Clause

A provision in the U.S. Constitution (Article I, Section 8, Clause 18) granting Congress the power to pass all laws necessary and proper for carrying out the enumerated list of powers.

Necessary

Essential or needed for a particular purpose or to achieve a specific outcome.