Economic Measurement

Question 1

The GDP is one way to measure the size of a country's economy.

Revolt · Accepted Answer

True

Question 2

Salary is an example of _____ income.

Revolt · Accepted Answer

labor

Question 3

An example of government spending when calculating the GDP using the expenditures approach is _____.

Revolt · Accepted Answer

salaries of public employees

Question 4

Income received by households through the lending of their money to corporations and business firms is an example of _____ income.

Revolt · Accepted Answer

interest

Question 5

An example of a country's businesses spending on capital when calculating the GDP using the expenditures approach is _____.

Revolt · Accepted Answer

construction of a new mine

Economic Measurement Answers