Gross Domestic Product (GDP) = $13.0 trillion, consumption = $9.5 trillion, depreciation = $1.8 trillion, other business income adjustments less indirect business taxes = $0.2 trillion, and net U.S. income earned abroad = $0.1 trillion
Use this information to calculate national income (NI).
A) NI = $11.0 billion B) NI = $11.3 billion C) NI = $11.5 billion D) NI = $11.4 billion
C
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a. True b. False
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a. True b. False Indicate whether the statement is true or false
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