The net national product (NNP) can be obtained from the GDP by:
a. subtracting depreciation
b. subtracting net income of foreigners and depreciation.
c. including the net income of foreigners.
d. subtracting depreciation and indirect business taxes.
b
Economics
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The price ceiling depicted in the above figure results in
A) consumer surplus increasing from $30 thousand to $34.5 thousand. B) producer surplus decreasing from $24 thousand to $6 thousand. C) a deadweight loss of $16 thousand. D) Both answers A and B are correct.
Economics
The ________, the difference between the interest rate on Baa corporate bonds and U.S. Treasury bonds. rose sharply during the Great Depression
A) credit boom B) credit spread C) adjustable-rate D) default swap
Economics