If We Add Up the Figures for Wages, Rent, Interest

question 39

Multiple Choice

If we add up the figures for wages, rent, interest and profit:

• A)the figure is not equal to the GDP by the expenditure approach because it does not include the amount of investment.
• B)the figure is not equal to the GDP by the expenditure approach because the Canadian national accounts do not reflect each of these four factors of income and also because a few adjustments are necessary.
• C)we obtain a figure which is equal to the GDP by the expenditure approach.
• D)it does not reflect the actual figure for the GDP by the expenditure approach because it does not include the amount of consumption.

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Definitions:

Oxaloacetate

A four-carbon molecule that acts as a key intermediate in the citric acid cycle and gluconeogenesis.

Mitochondrial Intermembrane

The space located between the inner and outer membranes of mitochondria, involved in the electron transport chain.

ATP Synthase

An enzyme complex that produces ATP from ADP and inorganic phosphate during cellular respiration and photosynthesis.

Hydrogen Ions

Positively charged ions (H+) formed when hydrogen atoms lose their electrons, significantly involved in acid-base chemistry.