Multiple Questions Answers

1. Net domestic product is equal to:
A. gross national product. 
B. the inflation rate. 
C. national income (NI) plus corporate profits taxes. 
D. NI plus indirect business taxes. 

2. We do NOT count __________ as part of GOP
A. price increases 
B. transfer payments 
C. final goods 
D. depreciation 

3. About seven out of ten dollars of our GDP is spent on:
A. government purchases. 
B. net exports. 
C. investment spending. 
D. consumer goods. 

4. The value actually earned by members of households who supply the inputs necessary to produce GDP is called:
A. net investment. 
B. national income 
C. personal income. 
D. disposable income.