Which of the Following Would Be Included in the Income

question 184

Multiple Choice

Which of the following would be included in the income approach to calculating U.S.GDP?

• A) Wage and salary payments to U.S.workers
• B) Purchases of automobiles by households
• C) Government purchases of guns and tanks and bombs
• D) Purchases of new trucks by Federal Express
• E) Purchases of new tractors by farmers

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Definitions:

Variable

An element, feature, or factor that is liable to vary or change, often used in scientific research to measure and analyze differences.

Identical

Exactly the same, alike in every way. This term is often used to describe objects, twins, or situations that are indistinguishable from each other.

Statistically Significant

A term used to denote a result that is unlikely to have occurred by chance alone, according to a predetermined threshold of probability.

Francophone Canadians

French-speaking Canadians, primarily concentrated in Quebec but also found throughout the country, possessing a distinct culture and identity.