To Calculate GDP Using the Income Approach,one of the Adjustments

question 157

Multiple Choice

To calculate GDP using the income approach,one of the adjustments made to net domestic product at factor cost is to

• A)add depreciation.
• B)add investment.
• C)subtract investment.
• D)add consumption expenditure.
• E)subtract indirect taxes less subsidies.

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Definitions:

Genetically Predisposed

Having an increased likelihood of developing a particular condition or trait based on one's genetic makeup.

Dangerous Animals

Animals that possess a significant threat to humans due to their behavior, size, or physical attributes which can cause injury or death.

Healthy-Looking Mates

A concept in evolutionary psychology suggesting that individuals are biologically predisposed to be attracted to potential partners who appear healthy, as it may indicate fertility and capability of producing viable offspring.

Overconsume

The action of consuming goods or resources in excess of one's needs, often leading to waste and environmental harm.