Multiple Choice
Real gross national product is
A) the same as national income if there were no depreciation and taxes.
B) always less than national income.
C) always greater than real gross domestic product.
D) always less than nominal gross national product.
Correct Answer:
Verified
Correct Answer:
Verified
Q7: In the United States,an official dating of
Q8: The CPI overestimates inflation because<br>A)it often ignores
Q9: Assume that gross national product amounts to
Q10: If the value of a price index
Q11: The primary emphasis in U.S.national income accounts
Q13: Suppose that a firm spends $200,000 to
Q14: The most commonly used measure of changes
Q15: Personal saving<br>A)equals national income less personal consumption
Q16: Which of the following helps economists avoid
Q17: Which of the following statements is (are)correct?<br>A)Both