In 1994, U.S.GDP was $6,931, GNP was $6,922, NNP was $6,104, and national income was $5,495 (all numbers are in billions of dollars) .We can conclude that
A) depreciation was $818 billion
B) depreciation was $1,436 billion
C) the addition to the capital stock was $1,436 billion
D) the addition to the capital stock was $1,427 billion
E) indirect business taxes were $9 billion
Correct Answer:
Verified
Q11: The difference between gross domestic investment and
Q12: Assume nominal GDP increased by 4.2% in
Q13: Assume you built a new house, bought
Q14: For a simple economy with no depreciation,
Q15: If we counted the value of autoworkers'
Q17: Which of the following identities is FALSE?
A)Y
Q18: As defined in our text, private domestic
Q19: Which of the following statements is true?
A)NDP
Q20: If gross investment were zero, which of
Q21: The PCE deflator measures
A)the average price increase
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