Here is what we know about a household: wages $25,000, unemployment insurance benefits $3,000, dividend income $4,000, income tax $5,000. What is the contribution to GDP of this household following the expenditure approach? A) $24,000 B) $25,000 C) $28,000 D) $29,000

Here is what we know about a household: wages $25,000, unemployment insurance benefits $3,000, dividend income $4,000, income tax $5,000. What is the contribution to GDP of this household following the expenditure approach?

A) $24,000
B) $25,000
C) $28,000
D) $29,000

 

 

Answer:

option D

 

Asked on February 15, 2018 in economics.
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