Multiple Choice
Which of the following statements is true?
A) Indirect business taxes are a component of national income because when added to the other components of national income,the sum must equal GDP.
B) Indirect business taxes must be subtracted from national income to yield a figure equal to GDP.
C) Indirect business taxes are a part of national income because they are considered a payment to a factor of production.
D) Indirect business taxes are not part of national income because they are not considered a payment to a factor of production.
Correct Answer:

Verified
Correct Answer:
Verified
Q104: The base year is the year<br>A) in
Q123: Net domestic product is the total value
Q124: Gross Domestic Product is computed by using<br>A)
Q125: In 1900,the country with the highest per
Q126: An example of income earned but not
Q129: Two ways of measuring Gross Domestic Product
Q130: Look at the following data: consumption =
Q131: Suppose there are five goods in the
Q132: <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB6439/.jpg" alt=" -Refer to Exhibit
Q133: GDP can rise as a result of