The Income Approach to Calculating GDP Includes

question 75

Multiple Choice

The income approach to calculating GDP includes

• A) consumer spending.
• B) exports of income earned.
• C) net interest income.
• D) government surpluses.
• E) investment.

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Definitions:

Primary Drive

Basic, innate urges such as hunger and thirst that motivate behavior to satisfy physiological needs.

Hunger

A natural physical condition that signals the body's need for food.

Cultural Factors

Cultural factors refer to the shared beliefs, values, norms, and practices that influence the behavior of individuals within a particular society or group.

Emotional Expressions

The observable signs of an individual's emotional state, often communicated through facial expressions, voice, and body language.