Answer:
good
Explanation:
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Answer:
The correct answer is A) The income and expenditure approach
Explanation:
The income approach is based on the principle that income equals production. It adds up the following categories of income:
- Wages
- Corporate profits
- Income from interest
- Farmer's Income
- Income from non-incorporated businesses (small businesses)
The expenditure approach is based on the principle that all income must be spent. It adds up the following categories of expenditure:
- Consumption (from households)
- Investment (from firms)
- Government spending
- Net exports (exports minus imports)
Iberian Peninsula, with a focus on Spain in particular. Peninsulares were Spanish born Spanish citizens residing in the New World and stood at the top of the food chain in the New World.
