To obtain the net national product (NNP), start with the gross national product (GNP) and subtract:
A. depreciation.
B. depreciation and indirect business taxes.
C. depreciation, indirect business taxes, and corporate profits.
D. depreciation, indirect business taxes, corporate profits, and social insurance contributions.
Ans: A. depreciation
Economics
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The above figure represents the demand and marginal revenue curves for Sue's Seafood, a seller of fresh fish
a. Over what range of output is demand elastic? b. Over what range of output is demand inelastic? c. What price maximizes total revenue? d. What is the price elasticity of demand at the revenue maximizing price?
Economics
"Fixed exchange rates are not even an option for most countries." Discuss
What will be an ideal response?
Economics