The Income Approach to Calculating GDP Is

question 58

Multiple Choice

The income approach to calculating GDP is

• A) the sum of all business income earned.
• B) the sum of all consumer income earned.
• C) all the spending on goods and services earned by consumer's income.
• D) the sum of all incomes earned from production.
• E) net of taxes.

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Definitions:

Punishment

A concept in behavior psychology that involves the introduction of an unpleasant stimulus or the removal of a pleasant one following an undesired behavior, with the intention of decreasing that behavior.

Designated Driver

A person appointed to abstain from alcohol and drive others safely who have been drinking.

Avoidance Learning

Learning to avoid events or conditions associated with aversive consequences or phobias.

Escape Behavior

Actions taken to avoid expected or current discomforts, often seen in both human psychological responses and animal behavior studies.