How is net national product (NNP) calculated?
a. Saving is added to the total income of a nation's citizens.
b. Saving is added to the total income earned within a nation.
c. Depreciation losses are subtracted from the total income of a nation's citizens.
d. Depreciation losses are subtracted from the total income earned within a nation.
c
You might also like to view...
Consider the two graphs above. Suppose that businesses expect to hire more workers. This would ________ the desired level of the capital stock, as depicted in graph ________
A) increase; B B) increase; A C) decrease; B D) decrease; A
If an economic curve has a negative slope, then one variable
a. falls as the other rises. b. changes at a slower rate than another. c. has a smaller value than another. d. changes after another variable.
During a recession:
a. Government spending automatically falls and taxes automatically rise. b. Government spending and taxes automatically fall. c. Government spending and taxes do not tend to change. d. Government spending rises automatically and taxes fall automatically. e. None of the above.
Individuals will usually make choices to minimize the value of some objective.
a. true b. false