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Question
Consumption expenditures on goods and services $1,500
Total government spending on goods and services 590
Gross private domestic investment 355
Imports 50
Exports 70
Depreciation (capital consumption allowance) 200
Net U.S. income earned abroad -75
To compute national income, which of the following items are added to net domestic product (NDP)?
I. business income adjustments net of indirect business taxes and transfers
II. capital consumption allowance
III. U.S. net income earned abroad
A) I only
B) II only
C) both I and III
D) both II and III
Answer
This answer is hidden. It contains 1 characters.
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