The difference between GDP and NNP is the depreciation of capital.
Correct Answer:
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Q5: GDP is a complete measure of economic
Q6: GDP ignores welfare changes due to environmental
Q7: GDP does not:
A)consider changes in the distribution
Q8: Personal Consumption expenditure includes:
A)changes in business inventories.
B)nondurables.
C)imports.
D)all
Q9: Real GDP is GDP:
A)in constant dollars.
B)in current
Q11: Gross private domestic investment includes
A)durable goods.
B)residential structures.
C)financial
Q12: Net exports of goods and services equals:
A)imports
Q13: Imputed rental income is:
A)the money people receive
Q14: Nominal GDP measures the:
A)dollar value of all
Q15: 
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