Business, 19.02.2020 04:51 gladysvergara

The income approach to measuring GDP: adds up all household expenditures to calculate aggregate income and GDP. ignores how income is earned and focuses instead on how it is used. uses the factors payments made by businesses to households to estimate GDP. focuses on how income is spent.

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Answer from: jennyaltice18

The question is not well formatted.

Here is well arranged one:

The income approach to measuring GDP:

a)adds up all household expenditures to calculate aggregate income and GDP.

b) ignores how income is earned and focuses instead on how it is used.

c) uses the factors payments made by businesses to households to estimate GDP.

d)focuses on how income is spent.

Here is the

c) uses the factors payments made by businesses to households to estimate GDP.

Explanation:

Income approach is one of the approaches of measuring Gross Domestic Product (GDP). Income approach measures GDP with the idea that sum total of all goods and services produced in a country during a particular period should be the aggregate payment made to all factors of production after adjusting for sales, depreciation and transfer payments.

Income to factors of productions are rent to landowners, wages and salaries to labor, interest to providers of capital and profit to entrepreneurs.

All the income will be added and adjustment for transfer payments and depreciation will be made to arrive at GDP.

Answer from: Quest

The business cycle is the periodic but irregular up-and-down movement in economic activity, measured by fluctuations in real gross domestic product (gdp) and other macroeconomic variables. a business cycle is typically characterized by four phases—recession, recovery, growth, and decline—that repeat themselves over time. economists note, however, that complete business cycles vary in length. the duration of business cycles can be anywhere from about two to twelve years, with most cycles averaging six years in length. some business analysts use the business cycle model and terminology to study and explain fluctuations in business inventory and other individual elements of corporate operations. but the term "business cycle" is still primarily associated with larger (industry-wide, regional, national, or even international) business trends.

Answer from: Quest

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The income approach to measuring GDP: adds up all household expenditures to calculate aggregate inco...