Discuss how economists calculate NI, PI and ...

[naturalchemist]

Discuss how economists calculate NI, PI and DI.

Question 2

Along the Keynesian range of the aggregate supply curve, an increase in the aggregate demand curve will increase:
 a. both the price level and real GDP.
  b. only real GDP.
  c. only the price level.
  d. real GDP and reduce the price level.

[lolol]

Answer to Question 1

GDP  depreciation = NI  profits  FICA + transfer payments + net interest + dividends = PI  personal income taxes = DI.

Answer to Question 2

b

[naturalchemist]

YES! Correct, THANKS for helping me on my review

[atrochim]

Thanks for the timely response, appreciate it