This topic contains a solution. Click here to go to the answer
« previous next »

Author Question: Which of the following is a difference between net domestic product (NDP) and gross domestic product ... (Read 23 times)

Kthamas

  • Hero Member
  • *****
  • Posts: 546
on: Jun 30, 2018
Which of the following is a difference between net domestic product (NDP) and gross domestic product (GDP)?
 a. GDP includes the cost of polluting the environment, while NDP does not.
 b. GDP excludes net taxes, while NDP includes it.
 c. GDP excludes that part of the capital stock used up in the production process, while NDP includes it.
  d. GDP includes all government spending, while NDP excludes government spending.
 e. GDP includes that part of the capital stock used up in the production process, while NDP does not.

Question 2

Which of the following is not a weakness of fiscal policy?
 a. Implementation of policy is difficult.
 b. Time lags in fiscal policy are long and variable.
 c. Fiscal policy works only during periods of stagflation.
 d. Fiscal policy often affects only current income, but many economic decisions are made on the basis of permanent income.
  e. Fiscal policy might have undesirable long-term effects on short-run aggregate supply.


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

lkoler

  • Sr. Member
  • ****
  • Posts: 358
Reply #1 on: Jun 30, 2018
Answer to Question 1

e

Answer to Question 2

c


Kthamas

  • Member
  • Posts: 546
Reply 2 on: Jun 30, 2018
Excellent

skipfourms123

  • Member
  • Posts: 343
Reply 3 on: Yesterday
Wow, this really help

« previous next »
 

Did you know?

More than 50% of American adults have oral herpes, which is commonly known as "cold sores" or "fever blisters." The herpes virus can be active on the skin surface without showing any signs or causing any symptoms.

Did you know?

Nearly all drugs pass into human breast milk. How often a drug is taken influences the amount of drug that will pass into the milk. Medications taken 30 to 60 minutes before breastfeeding are likely to be at peak blood levels when the baby is nursing.

Did you know?

Sperm cells are so tiny that 400 to 500 million (400,000,000–500,000,000) of them fit onto 1 tsp.

Did you know?

For about 100 years, scientists thought that peptic ulcers were caused by stress, spicy food, and alcohol. Later, researchers added stomach acid to the list of causes and began treating ulcers with antacids. Now it is known that peptic ulcers are predominantly caused by Helicobacter pylori, a spiral-shaped bacterium that normally exist in the stomach.

Did you know?

Pope Sylvester II tried to introduce Arabic numbers into Europe between the years 999 and 1003, but their use did not catch on for a few more centuries, and Roman numerals continued to be the primary number system.

Gross food? Or an American MASTERPIECE? Gross food? Or an American MASTERPIECE?
Brachial Plexus drawing plus the difference in the forearm Brachial Plexus drawing plus the difference in the forearm
Lilly Martin Spenser’s painting, Domestic Happiness (1844), reflects the change in attitudes toward Lilly Martin Spenser’s painting, Domestic Happiness (1844), reflects the change in attitudes toward
Ginkgo Biloba label. The label indicates the product is standardized to percentages of the two ... Ginkgo Biloba label. The label indicates the product is standardized to percentages of the two ...
Difference Between a Sidereal Month and a Synodic Month Difference Between a Sidereal Month and a Synodic Month
Difference of Squares Difference of Squares
Video: Appendicitis Animation

For a complete list of videos, visit our video library