Chapter1: Making Economics Decisions
Section: Chapter Questions
Problem 1QTC
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The option are either yes or no
Please answer all no need to explain Please

Transcribed Image Text:Identify which of the following measures are used to calculate national income?
a. Personal consumption expenditures:
Yes
b. Net foreign factor income:( (Click to select) +
c. Transfer payments:( (Click to select) +
d. Rents: ( (Click to select) +
e. Consumption of fixed capital (depreciation): (Click to select) +
f. Statistical discrepancy: (Click to select) +
g. Social Security contributions: (Click to select) +
h. Interest:( (Click to select) +
i. Proprietors' income: ( (Click to select) +
j. Net exports: ( (Click to select) →
k. Dividends: ( (Click to select) +
I. Compensation of employees: (Click to select) :

Transcribed Image Text:m. Taxes on production and imports: ( (Click to select) +
n. Undistributed corporate profits: ( (Click to select) +
o. Personal taxes:( (Click to select) +
p. Corporate income taxes: ( (Click to select) +
q. Corporate profits: ( (Click to select) +
r. Government purchases: ( (Click to select) +
s. Net private domestic investment: ( (Click to select) +
t. Personal saving: ( (Click to select) +
u. Gross private domestic investment: ( (Click to select) +
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