In the income approach to measuring GDP, factor payments do not include a. wages and salaries for

Question:

In the income approach to measuring GDP, factor payments do not include

a. wages and salaries for the use of labor services.

b. rent for land.

c. interest payments for the use of capital goods.

d. profits for entrepreneurs.

e. All of the above are included as factor payments.

Fantastic news! We've Found the answer you've been seeking!

Step by Step Answer:

Related Book For book-img-for-question

Exploring Macroeconomics

ISBN: 9781285859446

7th Edition

Authors: Robert L. Sexton

See More Books

Question Posted: Nov 01, 2024 04:00 AM

See More Questions

Multiple Choice Questions: 1. Which of the following will be counted as part of this years U.S. GDP? a. Goods produced last year but not sold until this year. b. Goods produced this year by an...
In the income approach to measuring GDP, factor payments do not include a. wages and salaries for the use of labor services. b. rent for land. c. interest payments for the use of capital goods. d....
Q1-Explain how the EBIT Chart works (inputs determining the outputs-the two lines on the chart Case Leahy Bread Company (LBC) in Cohen Finance Workbook, page 111( a 'caselette') SEE THE IS/BS MODEL &...
Consider the following reaction at 800. K: N2(g) + 3F2(g) 2NF3(g) An equilibrium mixture contains the following partial pressures: PN2 = 0.021 atm, PF2 = 0.063 atm, and PNF3 = 0.48 atm. Calculate Go...
Discuss how learning systems can be used in a military war simulation to train future officers and field commanders.
A high-volume printer produces minor print-quality errors on a test pattern of 1000 pages of text according to a Poisson distribution with a mean of 0.4 per page. (a) Why is the number of errors on...
In the income approach to measuring GDP, factor payments do not include a. wages and salaries for the use of labor services. b. rent for land. c. interest payments for the use of capital goods. d....
Frito-Lay, the multi-billion-dollar snack food giant, produces billions of pounds of product every year at its dozens of U.S. and Canadian plants. From the farming of potatoesin Florida, North...
Explain how effective communication and collaboration with the veterinarian and other team members enhance maxs ( a dogs ) pain management
What does personal income measure?
Which of the following is not considered a factor payment? a. Wages b. Interest c. Rent d. Profit e. Transfer payments
Between 1950 and 1973, France, Germany, and Japan all experienced growth rates that were at least two percentage points higher than those in the United States. Yet the most important technological...
Which was the first president not to own slaves ?
Explain about Data Structures in Detail and explain about arrays?
What are Linked lists, Stacks, Queues, Trees and graphs in Data structures?
XYZ Corporation uses a predetermined overhead application rate of P.30 per direct labor hour. During the year it incurred P345,000 dollars of actual overhead, but it planned to incur P360,000 of...
Lacy is a single taxpayer. In 2021, her taxable income is $44,600. What is her tax liability in each of the following alternative situations? Use Tax Rate Schedule, Dividends and Capital Gains Tax...
Consider the 7A-13 following cash flow. Year Cash Flow 0.........................-$100 1............................240 2...........................-143 If the minimum attractive rate of return is...
Design a circuit which negative the content of any register and store it in the same register.

In the income approach to measuring GDP, factor payments do not include a. wages and salaries for

Question:

Step by Step Answer:

Exploring Macroeconomics

Students also viewed these Business questions