If indirect business taxes and depreciation were added to the national income, we obtain:
a. Net National product
b. Gross National Product.
c. Gross Domestic Product.
d. Personal Income.
b
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If money demand is not responsive to changes in interest rates, then
a. the LM curve is vertical. b. the IS curve determines equilibrium output. c. the LM curve will become horizontal. d. the LM curve will become vertical. e. a and b.
The weighted average of a firm's expected return on its stock and the interest rate that it pays for debt is known as the:
A) internal rate of return. B) opportunity cost of capital. C) risk-free rate of return. D) company cost of capital.
A technique that can be employed to make a portfolio less risky than any of its individual securities is
a. plowback. b. diversification. c. programmed trading. d. speculation.
Assume that for good X the supply curve for a good is a typical, upward-sloping straight line, and the demand curve is a typical downward-sloping straight line. If the good is taxed, and the tax is doubled, the
a. base of the triangle that represents the deadweight loss quadruples. b. height of the triangle that represents the deadweight loss doubles. c. deadweight loss of the tax doubles. d. All of the above are correct.