Private disposable income equals GDP ________
A) minus corporate profits and net factor income
B) plus transfer payments and net exports
C) plus depreciation, transfer payments, and interest payments on government debt
D) plus net factor income minus net government income
E) none of the above
D
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Suppose that apartments rent for $1,300 a month in San Francisco, California and $850 a month in Los Angeles, California. If the state of California passes a state-wide rent ceiling for apartments of $1,100 a month, what occurs in the two cities?
What will be an ideal response?
Over the long-run, fluctuations in the growth rate in output are primarily driven by fluctuations in
a. investment in capital. b. educational attainment. c. fluctuations in the labor force. d. fluctuations in labor productivity.