The Approach to GDP That Sums Compensation of Employees, Rental

question 304

Multiple Choice

The approach to GDP that sums compensation of employees, rental income, corporate profits, net interest, proprietors' income, depreciation, and indirect taxes and subtracts subsidies is the

• A) opportunity cost approach.
• B) expenditure approach.
• C) added cost approach.
• D) income approach.

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Definitions:

Binocular Cues

Visual information taken in by two eyes that enable a sense of depth and three-dimensional perception.

Monocular Cues

Visual information that can be perceived with one eye alone and helps in judging depth and distance, including texture gradient, relative size, and motion parallax.

Dichromatic Cues

Visual information that helps in the perception of color, particularly in individuals with dichromacy, which is a form of color blindness featuring two instead of three cone cell types for color vision.

Phi

Represents the Golden Ratio, approximately equal to 1.618, which is considered aesthetically pleasing in art and architecture; also a symbol used in psychology by Wolfgang Köhler for the phi phenomenon, an optical illusion of perceived motion.