Which of the following best defines national income?
A) income received by households less personal taxes
B) the before-tax income received by households
C) incomes earned by U.S.resource suppliers plus taxes on production and imports
D) the market value of the annual output net of consumption of fixed capital
Correct Answer:
Verified
Q41: Nominal GDP is
A)the sum of all monetary
Q42: In the second quarter (three-month period) of
Q49: Consumption of fixed capital (depreciation) can be
Q50: Nominal GDP is adjusted for price changes
Q51: A price index is
A)a comparison of the
Q81: The amount of after-tax income received by
Q82: In a typical year, which of the
Q87: Transfer payments are included in
A) NI.
B) PI.
C)
Q89: What is the difference between national income
Q107: Real GDP measures
A) current output at current
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