Because the sale of goods and services generates income for the sellers,
A) GDP is unaffected by such exchanges.
B) national income will usually by greater than GDP.
C) national income will essentially equal GDP.
D) national income will increase, but GDP will decrease.
E) sales taxes must be subtracted from GDP.
C
You might also like to view...
The above table indicates that variables x and y are
A) positively related. B) inversely related. C) negatively related. D) not related.
Which of the following would NOT be associated with the LATE PHASE of the product cycle?
A) Consumption in high income countries begins to exceed production. B) Increasing share of output is moving to developing countries where abundant low skilled and semi-skilled labor keep production costs low. C) Consumption continues to grow in low income countries. D) There is experimentation and improvement in design and manufacturing.