Net national product (NNP) is equal to
A. GDP minus depreciation
B. GNP plus depreciation
C.GDP plus depreciation
D. GNP minus depreciation.
Answer: D. GNP minus depreciation.
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Refer to the above figure. Suppose the government requires the natural monopolist to charge the efficient price. Then profits for the firm will be
A) zero. B) losses equal to Q4 times distance f-g. C) losses equal to Q3 times distance d-e. D) profits equal to Q1 times distance a-b.
In order to compare benefits today with future costs, we need to know:
A. the interest rate. B. the rate of inflation. C. the uncertainty associated with future benefits and costs. D. All of these statements are true.
If you lost 10 percent on $200 worth of stock in a 3x margin account, then you would lose:
A. $60. B. $20. C. $30. D. $40.
According to research data on welfare, the typical welfare recipient
a. has little ambition and refuses to exert much effort to find employment b. had a criminal record as a teenager c. is found evenly spread out in every geographic area of the United States d. often scores on the lowest levels of literacy tests e. finds it easy to gain high-wage employment