National income and GDP diverge in practice because of:
A) receipts and payments involving the rest of the world.
B) subsidies.
C) taxes
D) all of the above.
Correct Answer:
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Q19: Government purchases include:
A)state and local government purchases.
B)tax
Q20: Gross private domestic expenditure includes:
A)fixed investment.
B)change in
Q21: Q22: National income and GDP diverge in practice Q23: Q25: Q26: Economists sometimes use a closed economy model Q27: Economists sometimes use a closed economy model Q28: National income includes: Q29: Unlock this Answer For Free Now! View this answer and more for free by performing one of the following actions Scan the QR code to install the App and get 2 free unlocks Unlock quizzes for free by uploading documents
A)rental income of persons.
B)net interest.
C)corporate
