Suppose net domestic product is $4.8 billion, net income earned abroad is $0.7 billion, other business income adjustments net of indirect business taxes and transfers are $0.4 billion, and personal income taxes are $0.8 billion. Then, national income equals
A. $6.7 billion.
B. $5.9 billion.
C. $2.9 billion.
D. $3.6 billion.
Answer: B
You might also like to view...
According to the Constitution, the President sets tariff rates
Indicate whether the statement is true or false
Which of these actions will occur to the budget constraint when an individual's income increases?
a. shifts outward b. shifts backward c. rotates clockwise d. cannot be determined from the information given
Instituting a rent control program will most likely lead to
A) a shortage of rental units. B) overly elaborate and expensive construction. C) an efficient allocation of existing units among consumers. D) an excess quantity supplied of rental units.
In the circular-flow diagram, which of the following items does not flow from firms to households?
a. goods b. services c. capital d. profit