The income generated from the sale of the goods and services produced in the economy and paid to the individuals and businesses who supply the factors of production is called:
A) GDP.
B) GNP.
C) national income.
D) NNP.
Correct Answer:
Verified
Q36: Transfer payments are:
A)included in GDP.
B)not included in
Q37: Commodities that last less than three years
Q38: GDP can increase from one year to
Q39: Table 11.1 Q40: The system of accounts for each country,based Q42: The level of aggregate output and income Q43: Policies adopted by a country's central bank Q44: The unemployment rate is calculated as follows: Q45: A trade balance where exports exceed imports Q46: The producer price index measures:
A)labor
A)the prices consumers
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