Which is greater, gross domestic product or national income? By how much?
a. Gross domestic product < National income; indirect business taxes, depreciation, and income earned by foreigners in the United States
b. Gross domestic product < National income; net exports and indirect business taxes
c. Gross domestic product > National income; net exports and indirect business taxes
d. Gross domestic product > National income; indirect business taxes, depreciation, and income earned by foreigners in the United States
Question 2
When the U.S. government removes investment tax credits:
a. consumption spending falls.
b. the return on investment increases.
c. capacity utilization in the economy expands.
d. the cost of capital increases.
e. technological innovation advances more rapidly.
Gross pay calculation.
A close relationship between greenhouse gas emissions and a country’s gross domestic product
Solow Model with Saving Dependent on Income Level