Which of the Following Statements Is True

question 61

Multiple Choice

Which of the following statements is true?

• A) National income accountants consider the portion of corporate profits that is used to pay corporate profits taxes to be income earned by households but not received.
• B) Net domestic product (NDP)is a smaller dollar amount than GDP.
• C) Personal income includes transfer payments.
• D) b and c
• E) a,b,and c

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Definitions:

Sustained Effort

Continuous and persistent exertion of effort towards a particular goal or task over an extended period.

Specific

Clearly defined or identified; unambiguous and precise in nature or detail.

Intrapreneurship

The act of behaving like an entrepreneur while working within a large organization, including taking initiatives and creating innovative projects or products.

Experiment

A scientific procedure undertaken to make a discovery, test a hypothesis, or demonstrate a known fact.