National income is derived from gross domestic product by
A) subtracting retained earnings from gross domestic product.
B) adding personal taxes and depreciation to gross domestic product.
C) subtracting depreciation from gross domestic product.
D) adding personal income and transfer payments to gross domestic product.
Correct Answer:
Verified
Q237: National income equals gross domestic product
A)plus sales
Q238: Disposable personal income equals personal income
A)minus personal
Q239: Table 8-26 Q240: If an American firm opens a production Q241: Table 8-31 Q243: What are the differences between national income,personal Q244: The values of real GDP and real Q245: Disposable personal income is equal to personal Q246: Explain the difference between gross domestic product Q247: Table 8-29 Unlock this Answer For Free Now! View this answer and more for free by performing one of the following actions Scan the QR code to install the App and get 2 free unlocks Unlock quizzes for free by uploading documents
