chap 7 - 1. GDPdiffersfromNDPinthat: StudentResponse A....

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1.   GDP differs from NDP in that:    Student Response Value Correct Answer Feedback A. GDP is based on  gross exports, while  NDP is based on net  exports.      B. GDP includes, but  NDP excludes, taxes  on production and  imports.      C.  net investment is  used in calculating  GDP and gross  investment is used in  calculating NDP.      D.  gross investment is  used in calculating  GDP and net  investment is used in  calculating NDP. 100%       Score: 1/1    2.   The largest component of national income is:    Score:
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  3.   If net foreign factor income is zero and there are no statistical discrepancies, the sum of national income and  the consumption of fixed capital equals:    Score: 1/1    4.   When an economy's production capacity is expanding:    Score: 1/1    5.  
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chap 7 - 1. GDPdiffersfromNDPinthat: StudentResponse A....

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