Which one of the following statements is the most accurate?
A) The sale of a used textbook does generate income for factors of production.
B) The sale of a used textbook does not generate income for any factor of production.
C) The sale of a used textbook sometimes does and sometimes does not generate income for factors of production.
D) It is hard to tell whether a sale of a used textbook does or does not generate income for factors of production.
E) the sale of a used textbook is a part of the GNP.
Correct Answer:
Verified
Q2: In 2006,the United States had
A) a surplus
Q4: The sale of
A) a used textbook does
Q5: National income equals GNP
A) less depreciation, less
Q5: What can you learn from the figure
Q10: The highest component of GNP is
A) the
Q12: Which one of the following statements is
Q15: An example of how GNP accounts for
Q17: A country's gross national product (GNP) is
A)
Q19: Purchases of inventories by
A) firms are not
Q20: GDP is supposed to measure
A) the volume
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