The sum of all the income categories listed in the National Income and Product Accounts adds up to
A) gross domestic product.
B) net national product.
C) net domestic product at factor cost.
D) disposable income after taxes.
E) gross national product.
C
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Which of the following is probably the best example of a free good?
A) The air in your college classroom B) A can full of garbage put out for trash collectors C) Interstate highways D) Free concert tickets, which were given to you by a friend
Which of the following statements is not true according to the National Center for Health Statistics?
a. Almost 15 percent of all Medicaid spending is attributable to tobacco use of one kind or another. b. Alcohol- and smoking-related illnesses are associated with over 500,000 deaths annually. c. Smoking prevalence among 18-24-year-olds is rising. d. The average smoker in the U.S. has a life expectancy that is almost 10 years shorter than the average non-smoker's. e. There is very little difference in the prevalence of smoking between males and females worldwide