4. The major components of GNP as calculated by the resource cost-income approach are (a) wages and...

Question:

4. The major components of GNP as calculated by the resource cost-income approach are

(a) wages and salaries,

(b) self-employment income,

(c) rents,

(d) interest,

(e) corporate profits, and

(f) nonincome expenses, primarily depreciation and indirect business taxes.

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

Step by Step Answer:

Related Book For book-img-for-question

Economics Private And Public Choice

ISBN: 9780123110404

2nd Edition

Authors: James D Gwartney; Richard Stroup; A H Studenmund

See More Books

Question Posted: Oct 25, 2024 07:01 AM

See More Questions

Write a Digraph client TransitiveClosure whose constructor takes a Digraph as an argument and whose method isReachable (v, w) returns true if there exists some directed path from \(v\) to \(w\), and...
The following environmental conditions were measured at the palletizing operation worksite. Evaluate the situation and calculate how long a worker can safely perform the task. Assume that box loading...
Kasten Company manufactures bowling balls through two processes: Molding and Packaging. In the Molding Department, the urethane, rubber, plastics, and other materials are molded into bowling balls....
4. The major components of GNP as calculated by the resource cost-income approach are (a) wages and salaries, (b) self-employment income, (c) rents, (d) interest, (e) corporate profits, and (f)...
The Ali Baba Co is the only supplier of a particular type of Oriental carpet. The estimated demand for its carpets is Q = 112,000 500P + 5M, Where Q = number of carpets, P = price of carpets (dollar...
statistics indicates that more than half of all small businesses
3. When the expenditure approach is utilized, there are four major components of GNP: (a) consumption, (b) investment, (c) government, and (d) net exports.
5. GNP may increase because of an increase in either output or prices. Price indices are used to measure the impact of price changes. Real GNP can be determined by adjusting money GNP to account for...
The primary tool that people use for understanding social situations (and physical stimuli, for that matter) is the schema. A schema is an organized body of stored information that is used to...
Show how to calculate the number of iterations of a general Fortran 90- style do loop. Your code should be written in an assembler-like notation, and should be guaranteed to work for all valid bounds...
Methyl ethyl ketone (MEK) is an important industrial solvent that can be produced from the dehydrogenation of butan-2-ol (Bu) over a zinc oxide catalyst (Ind. Eng. Chem. Res., 27, 2050 (1988)):...
A force of 2 pounds stretches a spring 1 foot. A mass weighing 3.2 pounds is attached to the spring, and the system is then immersed in a medium that offers a damping force that is numerically equal...
Water flows from the reservoir on the left to the reservoir on the right at a rate of 16 cfs. Th e formula for the head losses in the pipes is h L = 0.02(L/D)(V 2 /2g). What elevation in the left...
Solve the given differential equation by undetermined coefficients. y''' - 6y = 3 - cos x
A spacecraft descends vertically near the surface of Planet X. An upward thrust of 25.0 kn from its engines slows it down at a rate of 1.20 m/S2, but it speeds up at a rate of 0.80 m}S2 with an...
A fast-food restaurant averages 150 customers per hour. The average processing time per customer is 90 seconds. a. Determine how many cash registers the restaurant should have if it wishes to...

4. The major components of GNP as calculated by the resource cost-income approach are (a) wages and...

Question:

Step by Step Answer:

Economics Private And Public Choice

Students also viewed these Business questions