The Income Approach to Measuring GDP Is Based on Summing

question 147

Multiple Choice

The income approach to measuring GDP is based on summing

• A)the production of each industry.
• B)wages,interest,rent,and profits.
• C)the values of final goods,intermediate goods and services,used goods,and financial assets.
• D)consumption expenditure,investment,government expenditures on goods and services,and net exports of goods and services.
• E)consumption expenditure and wages.

---

Definitions:

Political Trends

Prevailing directions or patterns of change within the political landscape, reflecting shifts in public opinion, policy-making, and electoral behavior over time.

Fascist Movements

Political movements characterized by dictatorial power, forcible suppression of opposition, as well as strong regimentation of society and the economy.

Communist Party

A political party advocating for the principles of communism, including the abolition of private property and the establishment of a society in which all goods are commonly owned.

New Deal

A collection of initiatives, including public infrastructure projects, economic reforms, and regulatory measures, introduced by President Franklin D. Roosevelt in the US during the 1930s as a reaction to the Great Depression.