National income is equal to
A) GDP minus depreciation.
B) GNP plus depreciation.
C) disposable personal income plus depreciation plus personal taxes.
D) personal income minus personal taxes.
A
Economics
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The table above gives the domestic demand and supply schedules for a good. Suppose the world price of the good is $40 and the government imposes a $20 per unit tariff. How much will the government collect as tariff revenue?
A) $160 B) $360 C) $320 D) $240 E) $80
Economics
In a world with no money, costs are expressed in terms of other goods. If one video game costs two hamburgers, and a hamburger costs three sodas, how many sodas would it take to buy a video game?
A) 6 B) 5 C) 3 D) 3/2
Economics