If GNP is $625 billion and depreciation is $125 billion, then net national product is
A. $5 billion.
B. $500 billion.
C. $700 billion.
D. $750 billion.
Answer: B
You might also like to view...
The basic legal forms of business organization in the United States are the
a. corporation, sole proprietorship, and acquisition. b. sole proprietorship, corporation, cooperative, and partnership. c. partnership, cooperative, corporation, and subsidiary. d. sole proprietorship, corporation, partnership, and acquisition.
Due to capitalization, the burden of future taxes may be borne by current owners of an inelastically-supplied, durable commodity such as land.
A. True B. False C. Uncertain
Behavioral economics:
A. draws on insights from psychology to expand models of individual decision making. B. draws on insights from anthropology to clarify models of individual decision making. C. draws on insights from business theory to expand models of household behavior. D. is the least disputed field of economics.
The problem that results from an agent, who is imperfectly monitored by the principal, engaging in dishonest or otherwise undesirable behavior is called