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Author Question: National income: a. represents total wages and salaries in an economy. b. equals GDP minus ... (Read 80 times)

Pea0909berry

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on: Jun 30, 2018
National income:
 a. represents total wages and salaries in an economy.
  b. equals GDP minus indirect business taxes.
  c. equals GDP minus depreciation.
  d. equals C + I + G + (X  M).
  e. is the value of existing capital stock used up in making goods.

Question 2

The interest-rate effect is the impact on real GDP caused by the ____ relationship between the price level and the interest rate.
 a. direct
  b. independent
  c. linear
  d. inverse


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mammy1697

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Reply #1 on: Jun 30, 2018
Answer to Question 1

c

Answer to Question 2

a


Pea0909berry

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Reply 2 on: Jun 30, 2018
:D TYSM

mammy1697

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Reply 3 on: Yesterday
Excellent

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