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    Foundations of Macroeconomics Study Set 2
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    Exam 5: GDP: a Measure of Total Production and Income
  5. Question
    Which Adjustment(s)must Be Made to Convert Net Domestic Product to GDP
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Which Adjustment(s)must Be Made to Convert Net Domestic Product to GDP

Question 68

Question 68

Multiple Choice

Which adjustment(s) must be made to convert net domestic product to GDP?
i.add indirect taxes
ii.subtract subsidies
iii) add depreciation


A) i and iii only
B) iii only
C) ii only
D) i, ii and iii
E) i and ii

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