Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

The difference between net domestic product and national income is that A. net domestic product includes depreciation. B. net domestic product includes indirect business taxes.

The difference between net domestic product and national income is that

A.

net domestic product includes depreciation.

B.

net domestic product includes indirect business taxes.

C.

national income includes government and business transfer payments.

D.

net domestic product doesn't include social security taxes or corporate retained earnings.

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access with AI-Powered Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Cost Accounting A Managerial Emphasis

Authors: Charles T. Horngren, Srikant M.Dater, George Foster, Madhav

13th Edition

8120335643, 136126634, 978-0136126638

Students also viewed these Economics questions

Question

Describe the desirable behavior.

Answered: 1 week ago