National income is the sum of:
a. personal income and personal tax payments.
b. proprietors' income, rental income, compensation of employees, corporate profits, and interest receipts, net of indirect business taxes and the capital consumption allowance.
c. wages, transfer payments, interest paid to businesses, and tax revenue.
d. NNP and the capital consumption allowance.
e. consumption, investment, government spending, and net exports.
Question 2
If net investment spending in a nation is zero, we can conclude that:
a. gross investment exceeds the capital consumption allowance.
b. the capital consumption allowance exceeds gross investment.
c. imports equal exports.
d. gross investment equals the capital consumption allowance.
e. no investment goods were produced in the economy.
Cross-sectional data showing that the amount of effort spent on personal health care increases with
The More Things Change, The More They Say the Same: Dividing the Nation's Income
Health and Income per Capita: Two Views