Solved

Interest Paid by Households and by the Government Is

Question 86

Multiple Choice

Interest paid by households and by the government is


A) counted in national income, but not in GDP.
B) not counted in GDP because it is not assumed to flow from the production of goods and services.
C) not counted in GDP but is counted in GNP because it is paid by U.S. citizens to people living in the United States.
D) included in both GDP and GNP because it represents an expenditure by one group and a receipt of income by another group.

Correct Answer:

verifed

Verified

Unlock this answer now
Get Access to more Verified Answers free of charge

Related Questions

Unlock this Answer For Free Now!

View this answer and more for free by performing one of the following actions

qr-code

Scan the QR code to install the App and get 2 free unlocks

upload documents

Unlock quizzes for free by uploading documents