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    Essential Foundations of Economics Study Set 1
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    Exam 14: Gdp: a Measure of Total Production and Income
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    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 67

Question 67

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

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