To compute national income from GDP,
A) national income is first calculated, and then depreciation of capital and indirect business taxes are subtracted from it to get GDP.
B) GDP is first calculated, and then gross private domestic investment is subtracted from it to get national income.
C) GDP is first calculated, and then capital depreciation and proprietors' income are subtracted from it to get national income.
D) GDP is first calculated, and then depreciation of capital is subtracted from it to get national income.
Correct Answer:
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Q92: To get personal income from national income,
Q93: Personal income equals disposable personal income plus:
A)
Q94: Exhibit 5-7 GDP data (billions of dollars)
Q95: Personal income is:
A) total income received by
Q96: Exhibit 5-7 GDP data (billions of dollars)
Q98: National income:
A) represents total wages and salaries
Q99: The income that people earn in resource
Q100: Increased production, but not increased inflation, will
Q101: Exhibit 5-6 Use the table below to
Q102: In a given year, U.S. nominal GDP was
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