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Author Question: Net national product (NNP) is equal to A) personal income minus taxes. B) GNP minus consumption ... (Read 210 times)

jazziefee

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on: Jun 30, 2018
Net national product (NNP) is equal to
 
  A) personal income minus taxes.
  B) GNP minus consumption of fixed capital.
  C) GDP plus consumption of fixed capital.
  D) national income plus consumption of fixed capital.

Question 2

If GDP is less than GNP, we know with certainty that
 
  A) a budget deficit exists.
  B) a trade surplus exists.
  C) a trade deficit exists.
  D) none of the above


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stallen

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

B

Answer to Question 2

D


jazziefee

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Reply #2 on: Jun 30, 2018
Thank you


stallen

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Reply #3 on: Jun 30, 2018
No problemo


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