National income is defined as
A) GDP minus losses from depreciation.
B) GDP plus personal income.
C) GDP minus taxes paid by U.S.residents.
D) the total income earned by a nation's residents in the production of goods and services.
Correct Answer:
Verified
Q71: How is Net National Product (NNP)calculated?
A)Saving is
Q74: In the national income accounts,depreciation is called
A)"consumption
Q79: Which of the following items is included
Q79: Table 23-1. The data pertain to the
Q80: Table 23-1. The data pertain to the
Q153: U.S. GDP and U.S. GNP are related
Q154: A Minnesota farmer buys a new tractor
Q167: National income differs from net national product
Q170: The income that households and noncorporate businesses
Q198: Disposable personal income is the income that
A)households
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