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
Q9: The largest component of GNP is
A) the
Q10: In 2015, the United States had
A) a
Q11: Movements in GDP
A) differ greatly from movements
Q12: Which one of the following statements is
Q13: For most macroeconomists
A) gross national income exceeds
Q15: An example of how GNP accounts for
Q16: National income equals GNP
A) less depreciation, less
Q17: A country's gross national product (GNP) is
A)
Q18: In open economies
A) saving and investment are
Q19: Purchases of inventories by
A) firms are not
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