If GDP is $300 billion, depreciation is $30 billion, and net factor income from the rest of the world is -$40 billion, then net national product is
A) $230 billion.
B) $270 billion.
C) $290 billion.
D) $310 billion.
Correct Answer:
Verified
Q99: Refer to the information provided in Table
Q100: Proprietors' income is
A) the income of unincorporated
Q101: If depreciation equals zero and retained earnings
Q102: Personal income
A) is always less than national
Q103: If disposable personal income is $400 billion
Q105: Net national product is
A) GDP plus depreciation.
B)
Q106: The total income of households is
A) net
Q107: If personal saving is -$10 billion and
Q108: Related to the Economics in Practice on
Q109: Personal income is national income minus
A) depreciation.
B)
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