If the statistical discrepancy is zero, in order to calculate GDP from the value of net domestic product at factor cost, we must add
A) the value of intermediate goods and subtract the value of imports.
B) direct taxes, subtract corporate profit, and add investment.
C) indirect taxes, subtract subsidies, and add depreciation.
D) subsidies, subtract indirect taxes and depreciation.
E) indirect taxes, subsidies, and depreciation.
C
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Labor resources:
a. include only physical activities. b. are only counted as a resource if used in the production of other resources. c. include only skilled labor. d. include both physical and mental activities. e. include human effort involved in the production of goods, but not services.
The United States has used export subsidies to encourage the exportation of
a. steel. b. agricultural products. c. automobiles. d. computers.
Which of the following investment strategies involves generating a higher expected rate of return through increasing risk?
A. Diversifying B. Leverage C. Hedging risk D. Value at risk
The distance between the TC and the TVC curve
A) is constant. B) decreases as output increases. C) increases as output increases. D) is the MC curve.