The amount of income received by households before taxes is called:
A) national income
B) gross domestic product
C) personal income
D) gross national product
E) net national product
Correct Answer:
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Q57: Which of the following is included in
Q58: In an economy with an unstable government
Q59: If a country increases its saving rate,
Q60: Identify the correct statement
A)Effective protection of property
Q61: The net national product (NNP) is the:
A)difference
Q63: Net exports are defined as:
A)exports plus imports.
B)exports
Q64: Suppose the nominal gross domestic product (GDP)
Q65: Household income after taxes is called:
A)national income.
B)gross
Q66: The aggregate income in an economy comprises:
A)consumption,
Q67: According to the expenditure method, _.
A)GDP =
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