macro_tif1_ch07

Referto table7

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Unformatted text preview: ture: None 10. Depreciati on is A) the decline in the value of the stock market, net of dividends. B) the value of the addition to the capital stock. C) the value of the decrease in business inventory stocks. D) the value of worn-out equipment, machinery, and buildings. Answer: D Diff: 1 Type: MC Page Ref: To pic : 649/229 O S Definition Objective: LO4: Become familiar with other measures of total production and AACSB Coding: total income Reflective Thinking Special Feature: None 11. Suppose 2002 the national income in the U.S. was $200 billion, depreciation was $10 billion, indirect business that in taxes were $15 billion, and transfer payments were $5 billion. Gross national product in 2002 is A) $215 billion. B) $225 billion. C) $230 billion. D) $180 billion. Answer: B Diff: 2 Type: MC Page Ref: To pic : 649/229 O S Analytical Objective: LO4: Become familiar with other measures of total production and AACSB Coding: total income Analytic Skills Special Feature: None 12. Indirect business taxes are A) corporate income taxes. B) sales taxes. C) payroll taxes. D) personal taxes. Answer: B Diff: 1 Type: MC Page Ref: To pic : 649/229 O S Definition Objective: LO4: Become familiar with other measures of total production and AACSB Coding: total income Reflective Thinking Special Feature: None 13. The best measure of the income households actually have available to spend is A) national income. B) personal income. C) disposable personal income. D) net national income. Answer: C Diff: 1 Type: MC Page Ref: To...
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This note was uploaded on 09/21/2012 for the course ECON 2010 taught by Professor Roussel during the Spring '08 term at LSU.

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