Multiple Choice
How does net domestic product (NDP) differ from gross domestic product (GDP) ?
A) GDP includes expenditures for gross products that pollute the environment; NDP does not.
B) GDP is gross because it values spending on each good and service in dollar terms; NDP excludes taxes.
C) GDP includes exports; NDP omits exports.
D) GDP includes all government spending; NDP subtracts taxes.
E) GDP includes that part of the capital stock used up in the production process; NDP does not.
Correct Answer:
Verified
Correct Answer:
Verified
Q142: The price index in the base year
Q143: The national income accounting system measures economic
Q144: Gross Domestic Product measures the<br>A)market value of
Q145: Which is true of leakages and injections
Q146: Which of the following would be included
Q148: Whenever there is inflation,the increase in nominal
Q150: A farmer grows wheat and sells it
Q151: If real GDP for the base year
Q152: Which of the following is the best
Q216: If the real GDP equals $100 billion