National income is equal to
A) GDP minus depreciation.
B) GNP plus depreciation.
C) disposable personal income plus depreciation plus personal taxes.
D) personal income minus personal taxes.
A
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Which of the following must exist for a firm to engage in price discrimination?
A) The firm must be able to identify and separate its buyers into different classes, and the low-price buyers cannot resell the product to the high-price buyers. B) The firm must face an inelastic demand. C) The firm must be able to realize economies of scale. D) The firm must have no more than one class of buyer. E) The firm must be a natural monopoly.
Money market mutual funds invest in
A) residential mortgages. B) commercial real estate. C) long-term government securities. D) highly liquid assets.
Losses are always minimized when _________ equals _________.
Fill in the blank(s) with the appropriate word(s).
In the last few decades, tariffs in developing countries have:
A. risen by more than 20 percent. B. risen to 20 percent of their GDP. C. fallen to 20 percent of their GDP. D. fallen by more than 20 percent.