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Author Question: National income (NI) is calculated by adjusting GDP for: a. depreciation. b. investment and net ... (Read 24 times)

Haya94

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on: Jun 30, 2018
National income (NI) is calculated by adjusting GDP for:
 a. depreciation.
 b. investment and net exports.
 c. Social Security insurance contributions and transfer payments.
  d. corporate and personal income taxes.

Question 2

Suppose the price level falls. The result is that the:
 a. aggregate supply curve would shift to the right.
  b. aggregate supply curve would shift to the left.
  c. general price level would rise causing a movement up the aggregate demand curve.
  d. aggregate demand curve would slope downward because of the real balances effect.


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makaylafy

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

a

Answer to Question 2

d


Haya94

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Reply 2 on: Jun 30, 2018
Thanks for the timely response, appreciate it

lcapri7

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Reply 3 on: Yesterday
:D TYSM

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