If there are no statistical discrepancies, NDP is:
a) NI minus net foreign factor income.
b) NI plus corporate income taxes.
c) GDP deflated for increases in the price level.
d) GDP minus taxes on production and imports.
a) NI minus net foreign factor income.
Economics
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The Malthusian model performs poorly in explaining economic growth after the
A) French Revolution. B) American Revolution. C) Industrial Revolution. D) Bio-technology Revolution.
Economics
If price was set by the government at $4, there would be a price _____________, that would cause a ___________ of _______ units.
A. floor; surplus; 8
B. floor; surplus; 10
C. ceiling; shortage; 8
D. ceiling; shortage; 12
Economics