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Author Question: National income is derived from gross domestic product by subtracting: a. transfer payments. b. ... (Read 43 times)

elizabeth18

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National income is derived from gross domestic product by subtracting:
 a. transfer payments.
  b. profits.
  c. an allowance for depreciation of capital equipment.
  d. net exports.

Question 2

When prices rise, consumers and businesses hold larger money balances. This reduces the supply of loanable funds, increases the interest rate, and discourages both consumption and investment. This process is called the:
 a. interest-rate effect.
  b. real balance effect.
  c. investment effect.
  d. disinvestment effect.



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harveenkau8139

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Answer to Question 1

c

Answer to Question 2

a




elizabeth18

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Reply 2 on: Jun 30, 2018
YES! Correct, THANKS for helping me on my review


brbarasa

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Reply 3 on: Yesterday
Excellent

 

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