How Does Net Domestic Income Differ from Gross Domestic Product

question 12

Multiple Choice

How does net domestic income differ from gross domestic product? Net domestic income is GDP minus

• A)that part of it not actually paid to households, plus transfer payments to households.
• B)that part of it not actually paid to households, plus transfer payments to households, minus personal taxes paid by households.
• C)the sum of corporate, personal and sales taxes paid to the government.
• D)replacement investment.
• E)that part of it not actually paid to households, minus personal income taxes paid by households.

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Definitions:

Operant Conditioning

An adjustment method in which behavior is strengthened or weakened by means of rewards or penalties.

Social Learning Theory

A theory that proposes individuals learn behaviors, values, and attitudes through observation of others, including modeling, imitation, and social reinforcement.

Classical Behaviorism

A theory of learning based on the idea that all behaviors are acquired through conditioning processes.

Behaviorism

A theory of learning based on the idea that all behaviors are acquired through conditioning and that psychological disorders are best treated by altering behavior patterns.