The output approach to measuring national income is based...
The output approach to measuring national income is based on the computation of
Final output
Factor cost
Value added
Profits earned
Correct answer is C
The output approach measures national output called gross domestic products (GDP) in terms of the values added by each of the sectors of the economy.
Trade among West African countries is poor because the ...
Which of the following is true under rapid inflation? People ...
A priority rating of aggregate individual's wants is called ...
If a commodity has many substitutes, it is most likely that? ...
In the demographic transition theory, stage II represents a stage where ...
An increase in an economy's productive capacity implies ...
Dumping in international occurs when a foreign firm sells ...