A Nation's Real National Income in a Given Year Measures

question 52

Multiple Choice

A nation's real national income in a given year measures the

• A)current-dollar national income earned in the economy.
• B)value of output produced by the economy,measured in constant dollars.
• C)level of national income that is subject to taxation by the federal government.
• D)market value of national output produced by the economy.
• E)opportunity cost of the economy's national output.

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Definitions:

Solar Cells

Instruments that directly transform sunlight into electrical energy via the photovoltaic effect.

Carbon Dioxide

This substance is a transparent, unscented gas generated through the combustion of carbon and organic materials as well as through respiration, and it is a naturally occurring part of the atmosphere absorbed by plants for photosynthesis.

Solar Space Heating

The use of solar energy to heat the interior of a building, reducing the reliance on traditional heating sources.

Carbon Dioxide

A colorless, odorless gas produced by burning carbon and organic compounds and by respiration, a greenhouse gas contributing to global warming.