What Is the Difference Between GDP Using the Income Approach

question 75

Multiple Choice

What is the difference between GDP using the income approach and GDP using the expenditure approach a result of?

• A)statistical discrepancies
• B)transfer payments
• C)depreciation
• D)net exports

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Definitions:

Rationalists

Philosophers or thinkers who emphasize reason, logic, and intellect over sensory experience or empirical evidence as the primary sources of knowledge.

Coherence

The property of being a unified whole, with all elements fitting together well.

Rationality

The quality of being based on or in accordance with reason or logic; typically applied in the context of human decision-making processes that are logical, sensible, and based on clear thinking or reason.

Synthetic A Priori

A concept in epistemology that denotes judgments that are derived independently of experience while still providing new knowledge.