National income:
a. is included in gross private domestic investment.
b. includes the sum of all payments made to resource owners for the use of their resources.
c. includes depreciation.
d. is often measured as C + I + G + (X ? M).
b
You might also like to view...
If the price of a burger decreases by 5 percent and as a result the quantity of burgers demanded increases by 8 percent, the price elasticity of demand equals
A) 0.60. B) 0.40. C) 1.60. D) 0.625.
Which of the following cause(s) economic growth?
a. c and d. b. d and e. c. The production of more scarce goods d. A technological improvement e. The production of more capital goods
In 2003, the largest component of U.S. national income was
a. compensation of employees b. rental income c. proprietor's income d. farm income e. corporate profit
An increase in investment demand would be a consequence of a fall in:
a. The costs of acquiring new technology b. Expected sales of new products c. The rate of technological innovation d. The expected rate of return on investment