Multiple Choice
If households pay $1,000 in interest payments and receive $1,200 in interest, wages equal $9,000, rental receipts on land are $200, total business profits before taxes are $2,200, depreciation is $1,750, and indirect business taxes are $1,000, then gross domestic income is
A) $15,350.
B) $14,350.
C) $13,150.
D) $11,400.
Correct Answer:

Verified
Correct Answer:
Verified
Q244: Personal income is equal to<br>A) NDP minus
Q245: Calculating Gross Domestic Product (GDP) by the
Q246: Which of the following statements is FALSE?<br>A)
Q247: The expenditure approach to measuring GDP<br>A) adds
Q248: Suppose gross domestic product (GDP) is $5
Q250: Economists consider profit to be<br>A) a cost
Q251: <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB5018/.jpg" alt=" -According to the
Q252: Indirect business taxes include<br>A) property taxes and
Q253: Profits represent<br>A) the income earned from a
Q254: What is the difference between personal income