To reconcile net national product and national income,

a. national income is calculated first, and capital depreciation is subtracted from it to get net national product
b. national income is calculated first, and indirect business taxes are subtracted from it to get net national product
c. net national product is calculated first, and indirect business taxes are subtracted from it to get national income
d. net national product is calculated first, and compensation of employees is added to it to get national income
e. gross national product is calculated first, and capital depreciation plus nonfactor charges are subtracted to get national income

E

Economics

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Refer to above Table 2-2. The chain-weighted real GDP for year 2 is

A) $14.53. B) $14.49. C) $14.44. D) $16.61.

Economics

Why does a monopsonist's marginal expenditure curve lie above the labor supply curve?

What will be an ideal response?

Economics