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The Difference Between Gross National Income and Gross Domestic Product

Question 57

Multiple Choice

The difference between gross national income and gross domestic product is:


A) total indirect employee costs such as health or retirement insurance.
B) income earned in addition to salaries, commissions, and bonuses.
C) income earned abroad by residents minus income paid to foreign factors of production.
D) income not subject to taxation such as capital gains, illegal earnings, or casual earnings.

Correct Answer:

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