Multiple Choice
What accounts for the difference between GDP and NDP?
A) inventory changes
B) depreciation
C) undistributed corporate profits
D) transfer payments
E) business taxes
Correct Answer:

Verified
Correct Answer:
Verified
Q4: Imputed rent is included in<br>A)consumption<br>B)investment<br>C)government spending<br>D)national income<br>E)indirect
Q5: The reason that indirect business taxes are
Q6: Disposable income is commonly referred to as
Q7: National Income is best defined as sum
Q8: National income is<br>A)GDP minus depreciation<br>B)NDP minus depreciation<br>C)GDP
Q10: National income captures all income earned by
Q11: Personal income minus personal taxes equals disposable
Q12: Factors that explain the differences between National
Q13: Which one of the following is not
Q14: Personal income is<br>A)NDP minus indirect business taxes<br>B)NDP