-The Above Table Shows Some National Income Accounting Data for

question 305

Multiple Choice

$$\begin{array} { | l | l | } \hline \text { Item } & \begin{array} { l } \text { Billions of } \\\text { dollars }\end{array} \\\hline \text { Personal income } & 1,200 \\\hline \begin{array} { l } \text { Net domestic income at } \\\text { factor cost }\end{array} & 2,100 \\\hline \begin{array} { l } \text { Government } \\\text { expenditure } \\\text { on goods and services }\end{array} & 400 \\\hline \text { Depreciation } & 200 \\\hline \begin{array} { l } \text { Gross private domestic } \\\text { investment }\end{array} & 100 \\\hline \text { Indirect taxes } & 600 \\\hline \text { Subsidies } & 100 \\\hline\end{array}$$
-The above table shows some national income accounting data for a nation. In this nation, gross domestic product is equal to _________billion.

• A) $2,300
• B) $2,800
• C) $2,000
• D) $2,500

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Definitions:

Battle at Antietam

A significant battle during the American Civil War, known for being one of the bloodiest single-day battles in American history, occurring on September 17, 1862.

Emancipation Proclamation

An executive order issued by President Abraham Lincoln on January 1, 1863, declaring the freedom of all slaves in Confederate territory.

Lincoln's Position

Abraham Lincoln's stance or policy, particularly known for his leadership during the Civil War and his efforts to abolish slavery.

Slavery

A system in which individuals are owned by others, deprived of personal freedom, and compelled to perform labor or services without the right to compensation.