Author Question: Because the sale of goods and services generates income for the sellers, A) GDP is unaffected by ... (Read 70 times)

piesebel · **on:** Jun 29, 2018

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.