National income can be calculated by subtracting
a. depreciation from GDP.
b. indirect business taxes from GDP.
c. depreciation and indirect business taxes from GDP.
d. transfer payments and taxes from GDP.
c
Economics
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Money or goods that parents leave to their children in their wills are referred to as:
A) bequests. B) interest. C) charity. D) social responsibility.
Economics
The average of the bilateral rate changes for a nation, weighted by the importance of the trading partner, is know as
A) the real exchange rate B) the nominal exchange rate C) the effective exchange rate D) the direct exchange rate
Economics