Net national product equals
A) gross national product minus statistical discrepancy.
B) gross national product minus depreciation.
C) national income minus taxes on production and imports.
D) national income plus depreciation.
B
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Official unemployment statistics
A. understate unemployment because individuals receiving unemployment compensation are counted as employed. B. overstate unemployment because workers who are involuntarily working part time are counted as being employed. C. understate unemployment because discouraged workers are not counted as unemployed. D. include cyclical and structural unemployment but not frictional unemployment.
An organization that provides a public good is:
A. DHL Overnight. B. Federal Express. C. the U.S. Post Office. D. the United Parcel Service.