How does net domestic income differ from gross domestic product? Net domestic income is GDP minus
A) that part of it not actually paid to households, plus transfer payments to households.
B) that part of it not actually paid to households, plus transfer payments to households, minus personal taxes paid by households.
C) the sum of corporate, personal and sales taxes paid to the government.
D) replacement investment.
E) that part of it not actually paid to households, minus personal income taxes paid by households.
Correct Answer:
Verified
Q68: When computing GDP from the expenditure side,
Q69: When calculating GDP from the expenditure side,
Q70: One major reason that GDP is an
Q71: To calculate GDP from the income side,
Q72: Historically, nominal GDP has increased faster than
Q74: Measures of GDP may understate the economic
Q75: In national- income accounting, government expenditures on
Q76: In national- income accounting, "double counting"
A)leads to
Q77: Which of the following would be classified
Q78: In Lumberville, the lumberjack cuts trees and
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