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Aswer all 5
Question 11
Disposable income is calculated by subtracting _________ from personal income.
Group of answer choices
A. transfer payments
B. personal income taxes
C. excise taxes
D. Social Security contributions
Question 12
National income equals
Group of answer choices
A.net domestic product minus indirect business taxes.
B. foreign factors minus indirect business taxes.
C. net domestic product minus foreign factors minus indirect business taxes.
D. indirect business taxes minus foreign factors minus net domestic product.
Question 13
Net domestic product equals
Group of answer choices
A. aggregate income minus depreciated capital.
B. national income minus personal income taxes minus corporate taxes.
C. undistributed corporate profits minus foreign factors.
D. aggregate income minus aggregate spending.
Question 14
National income is derived by subtracting from net domestic product those factors that do not
contribute value to national income.
Group of answer choices
True
False
Question 15
Net investment (gross investment minus depreciation) measures the rate at which an economy's
capital stock is changing.
Group of answer choices
True
False

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