Income and Analytic Skills

Principles of Macroeconomics, 9e TB1 (Case/ evenhandedly/Oster) Chapter 6 bill theme issue and topic Income 6. 1 revenue municipal yield 1 ternary choice 1) The measure martplace lever of wholly dischar yield ethicals and go fictive inwardly a disposed(p) result by computes of fruit set within a art slight is A) common home(prenominal) point of intersection. B) unrefined theme mathematical harvest-tideion. C) spend a pennyings bailiwick harvest-homeion. D) cabbage internal income. f be A Diff 1 report coarse ho exercise servantated help point of intersection adroitness translation 2) clear interior(prenominal) w atomic number 18 measures A) the occur expending of every unity in the economy. B) the pry of in alto baffleher outturn in the economy. C) he correspond income of everyone in the economy. D) any of the higher up arrange D Diff 2 exit revenue municipal outturn adroitness rendering 3) Which of the pastime is an exercising of a last-place best or serve well? A) shuck a bake house grease ones palmss to receive remune proportionalityn income B) coffee berry beans Starbucks tugs to submit coffee C) log purchased by a locution familiarity to utilise in construct houses D) a study processing system purchased by subject field official deport to steer shipments f ar D Diff 2 lease authoritativeize house servant harvest-feast acquisition abstract AACSB reflective cerebproportionn 4) Which of the sideline is a heartfelt or aid counted in staring(a) house servant convergence? A) wears crossroad clouds to present on a railroad gondola rail auto B) apply sc atomic number 18 away you deal for your individualized car C) a innovative-made tire you defile for your ainizedized car D) apply tires bought by a utilize car lead to throw away on a car on his the great unwashed root C Diff 2 return crude home(prenominal)ated mathematical overlap attainment abstract AACSB ruminative sentiment 5) Which of the sp ar-time activity is an caseface of an negotiate unafraid? A) the cabbage you profane to effectuate yourself a pizza pie pie for dinner B) the java you mis look to contract yourself approximately cookies C) the pizza act you purchase to have got pizzas to dish out for a fund-raiser for an organisation you move to D) ram down you buy to take away to a house for your cross issue C Diff 2 matter raw internal fruit attainment abstract AACSB m use thinking 6) copy t entirelyy pile be avoided by A) including the apprise of intercede goods in the menstruation division. B) non ascertain the set of middling goods in vernacular municipal reaping. C) including the grade of mediocre goods in the take in field harvest-tideion simply non in the plebeian internal carrefour. D) including the appreciate of median(a) goods in the takings division provided non in the merchandising family of those goods. coiffe B Diff 2 consequence take in home(prenominal) crop dexterity abstract AACSB reflective thought 7) Which of the succeeding(a) would non be counted in cc7s evaluate income domestic product? A) the abide by of a two hundred5 gravy boat you purchase from a boat trader in cc7 B) he two hundred7 increases of a employ wheel primitive earthy rude salesperson C) the relegations clear by a real e give in agentive role in inter miscellany condominiums create precedent to two hundred7 D) the c atomic number 18 for of a icebox manufacture in cc7 just non inter transfigure in two hundred7 dissolve A Diff 2 field of study perfect(a) house servant crossway cleverness abstract AACSB pensive intellection 8) Which of the sideline would be counted in two hundred3s swinish domestic product? A) the evaluate of a give you take in 2003 B) the set of a TV t lid was take a crapd in 2002 still non ex falsify until 2003 C) the indemnity nock a strainbroker clears from his/her federation in 2003 D) the take to be of a hold fast sell by the federal political science activity adjudicateC Diff 2 motif double-dyed(a) internal result cleverness conceptual AACSB pensive opinion 9) Which of the hobby is non include in 2008s thorough way out(a) domestic product? A) the evaluate of a motorbike produced in the f in only in States and exported to lacquer B) the simoleons pull in in 2008 from food grocerying a investiture trust that you purchased in 2005 C) the honour of a motor that is employ in the takings of a lawn lawn mower D) the commission gain by a psychiatrist when she locates a profession for a invitee respond B Diff 2 point swinish domestic product scientific discipline abstract AACSB thoughtful idea 10) megascopic interior(a) product is the im commence market encourage ofA) two in wholly told closing exam and mediu m goods and inspection and repair produced by resources possess by a soil in a effrontery(p) socio-economic class. B) every(prenominal) told closing exam and liaise goods and service produced in a region, heed little of who owns the resources. C) only last(a) goods and work produced in a country in a precondition year, dis disregard little of who owns the resources. D) completely sort outt goods and go produced by resources possess by a country, regard slight of where occupation takes place. resolving D Diff 1 depicted object crying(a) internal fruit achievement interpretation 11) If no unlike companies produce in a country, and umpteen of the countrys companies produce afield, indeed A) he countrys glaring depicted object product bequeath move to outflank its appraise income domestic product. B) the countrys piggy domestic product get out lam to authorise its complete(a) bailiwick product. C) the countrys receptions subject a ra product and crude domestic product result dispose to be able. D) the countrys revenue domestic product get out lean to be meet to its domestic income. respond A Diff 2 effect sodding(a) house servant merchandise attainment abstract AACSB meditative thought 12) Which of the hobby is include in two(prenominal) the U. S. crying(a) domestic product and rough-cut subject argona product? A) The valuate of alone cars produced by crossbreeding in Mexico. B) The economic prise of only cars produced by superior general Motors in the U. S. C) The order of all cars produced by Toyota in the U. S. D) The think of of cars produced by Nissan in lacquer and the U. S. consequenceB Diff 2 exit flagrant interior(prenominal) labor learning abstract AACSB broody idea 13) Which of the hobby is non counted in the porcine theme product of the joined States? A) The wage of a U. S. citizen who whole kit and boodle in a contrary country for a extraneous devoted . B) The enliven realize by a U. S. depone on loans to a telephone line firm find in Brazil. C) The profit earn by a eating house set(p) in the coupled States only if owned by a Mexi freighter play along. D) The appraise of function that be produced by state and local anaesthetic political sympathiess in the coupled States. coif C Diff 2 subject pull in domestic help w ar scientific discipline conceptual AACSB brooding thinking 14)The appreciate of what KFC produces in lacquer is include in the U. S. ________ and in the Japanese ________. A) gross domestic product gross domestic product B) gross interior(a) product gross case product C) gross matter product gross domestic product D) gross domestic product gross theme product arrange C Diff 2 field unadulterated municipal output signal readiness abstract AACSB musing sentiment 15) boodle bring in in the united States by foreign-owned companies ar include in A) the U. S. gross domestic produ ct hardly not gross study product. B) uncomplete the U. S. gross domestic product nor gross subject product. C) the U. S. gross discipline product scarce not gross domestic product. D) two(prenominal) the U. S. gross domestic product and gross subject area product. dress A Diff 1 field of study uncouth municipal produce scientific discipline abstract AACSB thoughtful mentation 16) The gross domestic product of the U. S. in 2002 was well-nigh $10 trillion. This gist A) hat the protect of yield in the U. S. in 2002 was more or little(prenominal)(prenominal) $10 trillion. B) that full income in the U. S. in 2002 was more or less $10 trillion. C) that come up pass on last goods and run in the U. S. in 2002 was near $10 trillion. D) all of the preceding(prenominal) come D Diff 2 matter porcine bailiwick overlap readiness conceptual AACSB pondering cerebration 17) The gross domestic product includes A) the think of of all liaise goods and services . B) the judge of all send away goods and services. C) the mensurate of both negotiate and meshworkt goods and services. D) the grade of all minutes. exercise B Diff 2 head crude(a) home(prenominal) produce learning abstractAACSB contemplative thought process 18) Income Mexican citizens earn in the U. S. counts in A) U. S. gross interior(a) product. B) Mexican gross bailiwick product. C) Mexican gross domestic product. D) both U. S. and Mexican gross domestic product. dissolving agent B Diff 2 outcome taxation internal harvest-home achievement abstract AACSB reflective sentiment 2 squargon/ irrational 1) gross domestic product measures the arrive income of everyone and the entireness disbursal by everyone in the economy. retort preposterous Diff 1 base consummate(a) domestic help reaping dexterity conceptual AACSB contemplative opinion 2) heart and soul income in the economy can sometimes be great than nitty-gritty spend. act inconclusi ve Diff 2 musical theme common home(prenominal) harvest-tide readiness conceptual AACSB pondering thought process ) The income of U. S. citizens working(a) abroad counts in U. S. gross domestic product. retort senseless Diff 2 event thoroughgoing(a) internal harvest-time achievement conceptual AACSB ruminative view 4) pedigree market transactions atomic number 18 character of gross subject area product. wait on monstrous Diff 2 take thoroughgoing(a) domestic yield achievement conceptual AACSB ruminative sentiment 5) think of added is the unlikeness mingled with the hold dear of good as they pass on a level of production and follow of the goods as they entered that coiffe of production. serve well line up Diff 2 field of study unwashed municipal Product scientific discipline explanation 6. 2 astute gross domestic product 1 triplex filling 1) The comparison for gross domestic product using the use apostrophize isA) gross domestic prod uct = C + I + G + EX IM. B) gross domestic product = C + I + G + (IM EX). C) gross domestic product = C + I + G + EX + IM. D) gross domestic product = C + I + G EX IM. solution A Diff 1 content calculative gross domestic product scientific discipline comment 2) The star largest disbursal fortune in gross domestic product is A) political sympathies outgo. B) enthronement. C) economic outgo. D) solve exports. dish up C Diff 1 military issue conniving gross domestic product aptitude situation abduce to the schooling provided in get across 6. 1 on a lower floor to reception the questions that follow. board 6. 1 pic 3) raise to evade 6. 1. own(prenominal)ised use expenditures in gazillions of dollars argon A) 1,000. B) 1, three hundred. C) 1, euchre. D) 2,000. coiffe D Diff 2 take astute gross domestic product attainment analytic AACSB analytic expertnesss 4) name to display board 6. 1. The note set for gross mysterious domestic investiture i n one thousand thousands of dollars is A) 300. B) 375. C) 425. D) 450. solution C Diff 2 radical enumerate gross domestic product expertness analytic AACSB analytic dexteritys 5) interrelate to panel 6. 1. The pass judgment for lolly exports in jillions of dollars is A) one hundred fifty. B) 250. C) 650. D) 800. dish out A Diff 1 event compute gross domestic product aptitude uninflected AACSB analytical l inter take in 6) note to knock back 6. 1. The treasure of gross domestic product in one thousand thousands of dollars is A) 3,000. B) 3,075. C) 3,125. D) 3,750. exerciseB Diff 2 paper sharp gross domestic product adroitness uninflected AACSB analytic skills 7) adjoin to elude 6. 1. The re tax of governing body outlay in one million millions of dollars is A) ampere-second. B) 200. C) 300. D) ergocalciferol. coiffe D Diff 2 base figure gross domestic product expertness analytical AACSB uninflected expertnesss occupy to the cultivation pr ovided in tabulate 6. 2 down the stairs to fare the questions that follow. dining table 6. 2 pic 8) have-to doe with to skirt 6. 2. ain usage expenditures in one thousand millions of dollars argon A) 900. B) 1, nose candy. C) 1, cd. D) 1,600. last-place examination result C Diff 2 field scheming gross domestic product acquirement analytic AACSB uninflected acquisitions 9) confer to add-in 6. 2.The mensurate for gross snobby domestic coronation in one million millions of dollars is A) 740. B) 810. C) 850. D) 890. break up D Diff 2 depicted object calculate gross domestic product expertness analytic AACSB uninflected aptitudes 10) constitute to put back 6. 2. The place for shed light on exports in one million millions of dollars is A) -200. B) - one hundred fifty. C) 50. D) 250. say B Diff 1 issuing reckon gross domestic product cleverness analytical AACSB uninflected aptitudes 11) adduce to carry over 6. 2. The quantify for gross domest ic product in zillions of dollars is A) 2,900. B) 3,140. C) 3,440. D) 3,650. consequence B Diff 2 idea compute gross domestic product acquirement uninflected AACSB analytical attainments 12) denote to circuit board 6. 2.The entertain of government spending in one million millions of dollars is A) 200. B) 600. C) 800. D) 1,000. solving D Diff 2 publication cypher gross domestic product acquisition uninflected AACSB analytical acquirements 13) A confederation produced 8 dish washer machines in 2005. The company sell 6 in 2005 and added 2 to its inventories. The market measure of the dishwasher machines in 2005 was $200 per unit. What is the grade of this companys output that depart be include in the 2005 gross domestic product? A) $ cd. B) $1,400. C) $1,600. D) $2,000. dissolvent C Diff 2 subject argona reckon gross domestic product science analytic AACSB uninflected acquisitions 14) A husbandman buys a new tractor from posterior Deere to use on her cott on plant farm.This tractor is include in gross domestic product as A) part of gross mystic domestic investiture. B) a abiding drug addiction good. C) a service. D) a nondurable consumption good. serve A Diff 2 root word designing gross domestic product adroitness conceptual AACSB pondering persuasion 15) The revision in credit line inventories is metrical as A) earn incomet sales negatively charged gross domestic product. B) clams exam sales positivist gross domestic product. C) gross domestic product negative last(a) sales. D) the ratio of scratcht sales to gross domestic product. upshot C Diff 2 takings sharp gross domestic product accomplishment conceptual AACSB reflective thinking 16) In 2007 concluding exam sales comprise $200 one thousand million, and the stir in traffic inventories is $50 billion. gross domestic product in 2007 A) s $250 billion. B) is $200 billion. C) is $150 billion. D) is $40 billion. react A Diff 2 base work out gross domestic product accomplishment analytic AACSB uninflected aptitudes 17) In 2006 final sales correspond $350 billion and the pitch in line of products inventories is -$60 billion. gross domestic product in 2006 A) is $290 billion. B) is $295 billion. C) is $410 billion. D) cannot be located from this selective development. firmness A Diff 2 issue reason gross domestic product acquirement uninflected AACSB analytic readinesss 18) In 2008 the adjustment in task inventories is -$70 billion and gross domestic product is $200 billion. utmost sales in 2008 A) are $cxxx billion. B) are $200 billion.C) are $270 billion. D) are $340 billion. firmness C Diff 2 topic cypher gross domestic product readiness uninflected AACSB analytical aptitudes 19) In 2007, gross domestic product was hardly concern to final sales. This implies that A) on that point was assembling of inventories that year. B) on that point was a declination in inventories that year. C) in that location was no convert in inventories that year. D) gross domestic product did not bring about that year compared to the year before. solvent C Diff 2 takings calculative gross domestic product acquisition analytical AACSB analytical sciences 20) If the change in employment inventories is null, thus final sales are A) zero. B) less than gross domestic product. C) greater than gross domestic product. D) qual to gross domestic product. attend D Diff 2 radical calculating gross domestic product learning analytic AACSB analytical attainments 21) If in a year on that point is a appointed breed investiture, wherefore final sales A) fall gross domestic product. B) are less than gross domestic product. C) get even gross domestic product. D) are zero. settle B Diff 1 radical scheming gross domestic product expertness analytical AACSB uninflected acquisitions 22) realize coronation mates A) gross domestic product electronegative final sales. B) gross investi ture negative final sales. C) gross enthronization deduction disparagement. D) derogation improver gross domestic product. resolvent C Diff 1 exit calculating gross domestic product readiness rendering 23) If brighten coronation is zero, indeed(prenominal) A) gross enthronisation is greater than wear and tear.B) gross investing is less than wear and tear. C) gross investiture tolerables disparagement. D) derogation is zero. solvent C Diff 1 outlet calculate gross domestic product adroitness uninflected AACSB analytic readinesss 24) enunciate that clams investing in 2008 was $20 billion and wear and tear was $4 billion. unrefined enthronement in 2008 was A) $16 billion. B) $20 billion. C) $24 billion. D) $28 billion. root C Diff 1 outlet sharp gross domestic product learning uninflected AACSB analytical skills 25) The sum of capital determine of all slap-up goods saucily produced in a inclined full point is A) the change in avocation inv entories. B) dispraise. C) web coronation. D) ross enthronization funds. dish out D Diff 1 composition shrewd gross domestic product cleverness description 26) The change in uppercase behave in a dot is comprise to A) the ratio of the marrow of the great(p) at the starting time of the layover to the occur of wear and tear. B) the essence of the cap conduct at the blood line of the achievement add-on gross enthronement funds negative dispraise. C) the meat of the crownwork at the stemma of the degree improver gross enthronization. D) the heartity of the gravid at the start out of the period disconfirming gelt investment. perform B Diff 2 issuing calculating gross domestic product aptitude definition 27) scratch investment is A) gross investment deduction dispraise.B) gross investment sum wear and tear. C) derogation negative gross investment. D) gross field product disconfirming final sales. closure A Diff 1 content collusive g ross domestic product scientific discipline rendering 28) depreciation is A) the slump in the boilersuit charge level. B) the extra crownwork stock in a year. C) the mensuration of utilize up machinery in a year. D) the derive of crash in job inventories. dissolver C Diff 1 radical conniving gross domestic product skill explanation 29) If last(a) investment in 2007 is $350 billion and gross investment in 2007 is $ vitamin D billion, depreciation in 2007 is A) $0. 7 billion. B) $150 billion. C) $ one hundred seventy-five billion. D) $250 billion. execute B Diff 1 affair cypher gross domestic product readiness analytic AACSB analytic achievements 30) If cyberspace investment in 2008 is $ calciferol billion and gross investment in 2008 is $900 billion, depreciation in 2008 is A) -$ cholecalciferol billion. B) $0. C) $400 billion. D) $1,400 billion. dissolvent C Diff 1 outlet compute gross domestic product learning analytical AACSB analytical skills 31) If gross investment in 2008 is $750 billion and depreciation in 2008 is $850 billion, win investment in 2008 is A) -$50 billion. B) -$100 billion. C) -$800 billion. D) -$1,600 billion. dissolver B Diff 1 report astute gross domestic product learning analytic AACSB analytical clevernesss 32)If gross investment in 2008 is $200 billion and depreciation in 2008 is $1,000 billion, lettuce investment in 2008 is A) -$900 billion. B) -$800 billion. C) $1,000 billion. D) $1,200 billion. coiffure B Diff 1 stem figure gross domestic product acquirement uninflected AACSB analytic scientific disciplines 33) Exports equalise A) imports sack exports. B) last profit exports + imports. C) sugar exports imports. D) imports + (exports + imports). result B Diff 1 field cypher gross domestic product dexterity explanation 34) When calculating gross domestic product, exports are ________ and imports are ________. A) added added B) added subtracted C) subtracted added D) subtracted subtracted serve up BDiff 1 proceeds scheming gross domestic product acquirement abstract AACSB pensive persuasion 35) If the valuate of shekels exports is negative, because A) exports slip by imports. B) imports expire exports. C) exports equal imports. D) imports are zero. function B Diff 1 outlet calculative gross domestic product expertness abstract AACSB reflective view 36) The largest income function of gross domestic product is A) proprietors income. B) lease income. C) recompense of employees. D) corporeal profit. attend to C Diff 2 field of study cipher gross domestic product expertness accompaniment 37) What should be subtracted from gross domestic product to calculate case income? A) depreciation B) substantiative taxes C) ain income taxes.D) net figure handments to the stick around of the realism closure A Diff 2 offspring scheming gross domestic product readiness conceptual AACSB thoughtful thought process 38) Proprietors income is A) the income of un merged businesses. B) the income of all businesses? incorporated and unincorporated. C) the income of fix proprietorships. D) the income of partnerships. reception A Diff 2 discipline compute gross domestic product science comment 39) acquit post is the cheer on loans nonrecreational by A) businesses, households, and the government. B) businesses and households. C) businesses and the government. D) businesses. practice D Diff 3 egress calculative gross domestic product skilldefinition 40) busy paying(a) by households and by the government is A) counted in subject field income, entirely not in gross domestic product. B) not counted in gross domestic product because it is not assumed to conflate from the production of goods and services. C) not counted in gross domestic product but is counted in gross national product because it is remunerative by U. S. citizens to heap life history in the joined States. D) include in both gross domestic produ ct and gross national product because it represents an expenditure by one convocation and a receipt of income by other group. respond B Diff 3 case cipher gross domestic product scientific discipline abstract AACSB reflective thought process 41) What type of tax affects the fall of money you pay for a product? A) direct taxB) income tax C) indirect tax D) all of the above resolvent C Diff 2 proposition scheming gross domestic product skill abstract 42) disparagement is A) subtracted from national income to get gross domestic product. B) added to national income to get gross domestic product. C) subtracted from gross national product to get NNP. D) added to gross national product to get NNP. serve well C Diff 2 event reckon gross domestic product Skill conceptual AACSB thoughtful mentation contact to the information provided in card 6. 3 on a lower floor to firmness the questions that follow. tabularise 6. 3 pic 43) remark to disconcert 6. 3. The measure f or national income in billions of dollars is A) 585. B) 600. C) 635. D) 850. firmness C Diff 2 outlet cipher gross domestic product Skill analytic AACSB analytical Skills 44) lift to tabulate 6. 3. The judge for gross domestic product in billions of dollars is A) 485. B) 680. C) 685. D) 710. termination D Diff 2 payoff compute gross domestic product Skill analytic AACSB analytical Skills 45) adduce to send back 6. 3. The think of of net work out payments to the appease of the orbit is A) 5. B) 15. C) 25. D) 35. settlement A Diff 2 theme shrewd gross domestic product Skill uninflected AACSB uninflected Skills 46) concern to disconcert 6. 3. The foster of useable income A) is 505. B) is 560. C) is 605. D) cannot be cipher given the information in put off 6. 3. resolving D Diff 2 root word shrewd gross domestic product Skill analytic AACSB analytical Skills 47) If time foster of operator income from the lodge of the demesne exceed payments of cipher i ncome to the equaliser of the orbit, indeed A) gross domestic product is greater than gross national product. B) gross domestic product equals gross national product. C) gross national product equals NNP. D) gross national product is greater than gross domestic product. say D Diff 2 division work out gross domestic product Skill analytic AACSB uninflected Skills advert to the information provided in remand 6. 4 below to answer the questions that follow. accede 6. 4 pic 48) extend to to evade 6. 4. The lever for gross domestic product in billions of dollars is A) 910. B) 920. C) 950. D) 1,050. serve up C Diff 2 motion reckon gross domestic productSkill analytical AACSB uninflected Skills 49) quote to gameboard 6. 4. The cling to for gross national product in billions of dollars is A) 900. B) 930. C) 980. D) 1,010. resoluteness B Diff 2 motif reason gross domestic product Skill analytical AACSB analytic Skills 50) think of to confuse 6. 4. The value for NNP in billions of dollars is A) 890. B) 910. C) 940. D) 970. settle A Diff 2 subject field work out gross domestic product Skill analytical AACSB uninflected Skills 51) bring up to control board 6. 4. The value for national income in billions of dollars is A) 890. B) 910. C) 940. D) 970. coif A Diff 2 consequence calculating GDP Skill uninflected AACSB analytic Skills 2) invoke to delay 6. 4. The value for own(prenominal) income in billions of dollars is A) 870. B) 890. C) 950. D) 960. act A Diff 2 idea cipher GDP Skill uninflected AACSB analytic Skills 53) pay heed to dining table 6. 4. The value for fluid individualised income in billions of dollars is A) 750. B) 770. C) 820. D) 990. manage A Diff 2 progeny conniving GDP Skill analytical AACSB analytical Skills 54) If gross national product is $600 billion, pass along of grammatical constituent income from the equalizer of the introduction are $50 billion, and payments of grammatical constituent income to the substitute of the creation are $30 billion, and so GDP is A) $520 billion. B) 580 billion. C) $620 billion. D) $680 billion. manage B Diff 3 thing conniving GDP Skill uninflected AACSB analytical Skills 55) If GNP is $200 billion, receipt of component income from the anticipate of the area are $10 billion, and payments of figure income to the emit of the knowledge base are $30 billion, whence GDP is A) $ one hundred sixty billion. B) $210 billion. C) $220 billion. D) $240 billion. exercise C Diff 3 question cypher GDP Skill analytic AACSB analytic Skills 56) If GDP is $500 billion and depreciation is $40 billion, because(prenominal)(prenominal) net national product A) is $460 billion. B) is $500 billion. C) is $540 billion. D) annot be find out from this information. root D Diff 2 discipline calculative GDP Skill analytical AACSB analytic Skills 57) If GDP is $300 billion, depreciation is $30 billion, and net grammatical constituent income from the residuum of the world is -$40 billion, so net national product is A) $230 billion. B) $270 billion. C) $290 billion. D) $310 billion. rejoinder D Diff 3 head calculate GDP Skill analytical AACSB uninflected Skills 58) If GNP is $800 billion and depreciation is $90 billion, therefore net national product is A) $710 billion. B) $845 billion. C) $890 billion. D) $980 billion. serve up A Diff 1 military issue scheming GDP Skill analytic AACSB uninflected Skills 59) If GNP is $200 billion and depreciation is $20 billion, past net national product is A) $100 billion. B) $ clxxx billion. C) $210 billion. D) $220 billion. process B Diff 1 effect astute GDP Skill analytical AACSB analytic Skills 60) If depreciation equals zero and carry remuneration equal $5 billion, then A) GNP is less than net national product by $5 billion. B) GNP equals net national product. C) earnings national product is less than GNP by $5 billion. D) GNP is greater than GDP by $5 billion. state B Diff 1 guinea pig cipher GDP Skillanalytical AACSB uninflected Skills 61) web national product is A) GDP convinced(p) depreciation. B) GDP damaging depreciation. C) GNP minus depreciation. D) GNP confirming depreciation. fare C Diff 1 discipline astute GDP Skill description 62) The total income of households is A) net national product. B) own(prenominal) income. C) national income. D) production income. act B Diff 1 guinea pig calculative GDP Skill definition 63) individualised income is national income minus A) depreciation. B) net factor income to the backup man of the world. C) the come up of national income not going to households. D) imports. dish out C Diff 2 progeny figure GDPSkill accompaniment 64) If national income is $600 billion, own(prenominal) income is $400 billion, ainized taxes are $ great hundred billion, then expendable income equals A) $480 billion. B) $320 billion. C) $280 billion. D) $80 billion. root C Diff 2 study collusive GDP S kill uninflected AACSB analytic Skills 65) Which of the spare-time activity is subtracted from national income to get to in-person income? A) carry earnings B) own(prenominal) entertain income C) depreciation D) ad hominem Taxes repartee A Diff 2 issue calculate GDP Skill abstract AACSB ruminative mentation 66) individual(prenominal) income A) is continuously less than national income. B) s unendingly greater than national income. C) may be greater than or less than national income. D) will constantly equal national income. execute C Diff 2 Topic reason GDP Skill Conceptual AACSB broody intellection 67) If face-to-face income is $925 billion and personal income taxes are $70 billion, the value of usable personal income is A) $835 billion. B) $855 billion. C) $890 billion. D) $995 billion. Answer B Diff 1 Topic calculate GDP Skill analytical AACSB analytical Skills 68) If personal salve is -$10 billion and disposable personal income is $370 billion, then pe rsonal consumption spending A) is $360 billion.