In the national income accounts, net interest is the total interest payments received by households on loans made by them minus
A) interest received from households' ownership of government bonds.
B) interest payments made by households on their own borrowing.
C) interest payments made by households to foreign lenders.
D) taxes paid by households on their interest income.
B
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Regardless of how price elastic labor demand curves are, employers are unaffected by wage taxes if labor supply is perfectly inelastic.
Answer the following statement true (T) or false (F)
According to the law of supply, price and quantity supplied are inversely related, ceteris paribus
a. True b. False Indicate whether the statement is true or false
The government office that declares official periods of recession and depression is the:
A. National Bureau of Economic Research. B. Bureau of Labor Statistics. C. Congressional Budget Office. D. Federal Reserve Board.
Which of the following would economic freedom lead to?
a. A higher standard of living b. Better living conditions c. Longer life expectancy d. Better education e. All of these