National income measures
A) nominal GDP after it has been inflated or deflated for changes in the value of the dollar.
B) the after-tax income of resource suppliers.
C) the total of all sources of private income plus government revenue from taxes on production and imports.
D) the amount of wage, rent, interest, and profits income actually received by households.
Correct Answer:
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Q50: Nominal GDP is adjusted for price changes
Q51: A price index is
A)a comparison of the
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Q54: Real GDP refers to
A)the value of the
Q55: If personal income exceeds national income in
Q56: In calculating the GDP, national income accountants
A)treat
Q57: If real GDP falls from one period
Q81: The amount of after-tax income received by
Q88: The total amount of income earned by
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