In any given year which of the following measures of aggregate output and income is likely to be the smallest?
A) Net domestic product
B) Gross domestic product
C) National income
D) Gross national product
Correct Answer:
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Q117: Gross Domestic Product is a measure of
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Q119: Historically,real GDP has risen less rapidly than
Q120: National income is
A)the total earnings of all
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Q123: Payments for goods and services that will
Q124: For a given year,GDP includes the market
Q125: Suppose that,since the base year,all prices have
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Q127: Which of the following is NOT a
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