Author Question: National income equals gross domestic product A) minus the consumption of fixed capital. B) minus ... (Read 143 times)

2125004343 · **on:** Jun 29, 2018

National income equals gross domestic product

A) minus the consumption of fixed capital. B) minus government transfer payments.
C) plus government transfer payments. D) plus sales taxes.

Question 2

Social Security began as a pay-as-you-go system, meaning that payments to current retirees were paid

A) from taxes collected from current workers.
B) as the government collected revenues from tariffs and excise taxes in the years Social Security payments were made.
C) as long as the government had funds available.
D) from taxes collected from retired workers.