This topic contains a solution. Click here to go to the answer

Author Question: Because the sale of goods and services generates income for the sellers, A) GDP is unaffected by ... (Read 45 times)

piesebel

  • Hero Member
  • *****
  • Posts: 565
Because the sale of goods and services generates income for the sellers,
 
  A) GDP is unaffected by such exchanges.
  B) national income will usually by greater than GDP.
  C) national income will essentially equal GDP.
  D) national income will increase, but GDP will decrease.
  E) sales taxes must be subtracted from GDP.

Question 2

National output and national income are the same because
 
  A) one seller's profit is another seller's loss.
  B) one seller's profit is another buyer's loss.
  C) the sale of goods and services generates income for the sellers.
  D) the sale of goods and services generates tax revenues for the government.



Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

pallen55

  • Sr. Member
  • ****
  • Posts: 331
Answer to Question 1

C

Answer to Question 2

C




piesebel

  • Member
  • Posts: 565
Reply 2 on: Jun 29, 2018
Gracias!


scottmt

  • Member
  • Posts: 322
Reply 3 on: Yesterday
Great answer, keep it coming :)

 

Did you know?

Essential fatty acids have been shown to be effective against ulcers, asthma, dental cavities, and skin disorders such as acne.

Did you know?

Amphetamine poisoning can cause intravascular coagulation, circulatory collapse, rhabdomyolysis, ischemic colitis, acute psychosis, hyperthermia, respiratory distress syndrome, and pericarditis.

Did you know?

The most common treatment options for addiction include psychotherapy, support groups, and individual counseling.

Did you know?

Many people have small pouches in their colons that bulge outward through weak spots. Each pouch is called a diverticulum. About 10% of Americans older than age 40 years have diverticulosis, which, when the pouches become infected or inflamed, is called diverticulitis. The main cause of diverticular disease is a low-fiber diet.

Did you know?

Patients who cannot swallow may receive nutrition via a parenteral route—usually, a catheter is inserted through the chest into a large vein going into the heart.

For a complete list of videos, visit our video library