The total income earned through the use of resources, plus taxes on production and on imports, equals
A) national income.
B) gross domestic product.
C) personal income.
D) disposable income.
Correct Answer:
Verified
Q163: Personal income will equal disposable income when
A)corporate
Q164: Nominal GDP differs from real GDP because
A)nominal
Q165: Personal income (PI) refers to all income
A)received.
B)earned.
C)earned
Q166: One year nominal GDP was $286 billion
Q167: "GDP price index" measures changes in the
A)value
Q169: Over a year, a nation's GDP at
Q170: If prices increased, we need to adjust
Q171: Which of the following represents an income
Q172: If the price index is rising over
Q173: Suppose that the base year is 2015,
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