National income includes all of the following EXCEPT
A. corporate profits.
B. net interest.
C. proprietors' income.
D. depreciation.
Answer: D
You might also like to view...
Which of the following was a reason that the Federal Reserve took on additional risks associated with unconventional policy during the recession of 2007-2009?
a. The inflated price of Treasury bills made them too expensive to purchase in open market operations. b. The large budget deficit constrained conventional monetary policy. c. The U.S. Treasury was unable to sell Treasury bills in the primary market. d. The Fed was able to act more quickly than Congress.
If Congress instituted an investment tax credit, the interest rate would
a. rise and saving would rise. b. fall and saving would fall. c. rise and saving would fall. d. fall and saving would rise.
In Figure 6.7 with a quantity constraint of Q1, producer surplus is area:
A. A. B. A + B + C. C. E + F + G. D. G.
When the production of one good spills benefits over to third parties, the government should consider all of the following EXCEPT
A) subsidizing the consumption of the good. B) subsidizing the production of the good. C) creating tax incentives to encourage more consumption. D) taxing the production or consumption of the good.