Which of the following is subtracted from net national product to ...

[laurencescou]

Which of the following is subtracted from net national product to arrive at national income?
 a. net income of foreigners
  b. depreciation
 c. indirect business taxes
 d. transfer payments

Question 2

When capacity utilization rate is high:
 a. the price level is likely to go up.
  b. consumption is likely to go down.
  c. investment is likely to increase.
  d. the rate of interest is likely to decrease.
  e. aggregate supply of goods is likely to remain constant.

[Alyson.hiatt@yahoo.com]

Answer to Question 1

c

Answer to Question 2

c

[laurencescou]

Thanks for the timely response, appreciate it

[nyrave]

Excellent