Which is greater, gross domestic product or national income? By ...

[anshika]

Which is greater, gross domestic product or national income? By how much?
 a. Gross domestic product < National income; indirect business taxes, depreciation, and income earned by foreigners in the United States
  b. Gross domestic product < National income; net exports and indirect business taxes
 c. Gross domestic product > National income; net exports and indirect business taxes
 d. Gross domestic product > National income; indirect business taxes, depreciation, and income earned by foreigners in the United States

Question 2

When the U.S. government removes investment tax credits:
 a. consumption spending falls.
  b. the return on investment increases.
  c. capacity utilization in the economy expands.
  d. the cost of capital increases.
  e. technological innovation advances more rapidly.

[wilsonbho]

Answer to Question 1

d

Answer to Question 2

d

[anshika]

Thank you

[wilsonbho]

Happy to help you