Assume that gross national product amounts to 4300.5 billion, depreciation is 550.1 billion, and indirect taxes are 399.3 billion. Then, net national product amounts to
a. 3351.1 billion.
b. 4549.8 billion.
c. 3851.2 billion.
d. 3750.4 billion.
Question 2
When drawn against the real interest rate, the output supply curve is upward sloping because labor supply is
A) increasing in the real interest rate and labor demand is independent of the real interest rate.
B) decreasing in the real interest rate and labor demand is independent of the real interest rate.
C) independent of the real interest rate and labor demand is increasing in the real interest rate.
D) independent of the real interest rate and labor demand is decreasing in the real interest rate.
