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 46 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
Thanks for the timely response, appreciate it


6ana001

  • Member
  • Posts: 311
Reply 3 on: Yesterday
Gracias!

 

Did you know?

To maintain good kidney function, you should drink at least 3 quarts of water daily. Water dilutes urine and helps prevent concentrations of salts and minerals that can lead to kidney stone formation. Chronic dehydration is a major contributor to the development of kidney stones.

Did you know?

The ratio of hydrogen atoms to oxygen in water (H2O) is 2:1.

Did you know?

The Food and Drug Administration has approved Risperdal, an adult antipsychotic drug, for the symptomatic treatment of irritability in children and adolescents with autism. The approval is the first for the use of a drug to treat behaviors associated with autism in children. These behaviors are included under the general heading of irritability and include aggression, deliberate self-injury, and temper tantrums.

Did you know?

The effects of organophosphate poisoning are referred to by using the abbreviations “SLUD” or “SLUDGE,” It stands for: salivation, lacrimation, urination, defecation, GI upset, and emesis.

Did you know?

Although puberty usually occurs in the early teenage years, the world's youngest parents were two Chinese children who had their first baby when they were 8 and 9 years of age.

For a complete list of videos, visit our video library