This topic contains a solution. Click here to go to the answer

Author Question: Which of the following is a difference between net domestic product (NDP) and gross domestic product ... (Read 28 times)

Kthamas

  • Hero Member
  • *****
  • Posts: 546
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
Answer to Question 1

e

Answer to Question 2

c




Kthamas

  • Member
  • Posts: 546
Reply 2 on: Jun 30, 2018
Thanks for the timely response, appreciate it


ryansturges

  • Member
  • Posts: 338
Reply 3 on: Yesterday
Wow, this really help

 

Did you know?

Vaccines cause herd immunity. If the majority of people in a community have been vaccinated against a disease, an unvaccinated person is less likely to get the disease since others are less likely to become sick from it and spread the disease.

Did you know?

Dogs have been used in studies to detect various cancers in human subjects. They have been trained to sniff breath samples from humans that were collected by having them breathe into special tubes. These people included 55 lung cancer patients, 31 breast cancer patients, and 83 cancer-free patients. The dogs detected 54 of the 55 lung cancer patients as having cancer, detected 28 of the 31 breast cancer patients, and gave only three false-positive results (detecting cancer in people who didn't have it).

Did you know?

The human body produces and destroys 15 million blood cells every second.

Did you know?

The National Institutes of Health have supported research into acupuncture. This has shown that acupuncture significantly reduced pain associated with osteoarthritis of the knee, when used as a complement to conventional therapies.

Did you know?

There are approximately 3 million unintended pregnancies in the United States each year.

For a complete list of videos, visit our video library