National Income Differs from Net National Product by an Amount

question 97

Multiple Choice

National income differs from net national product by an amount called:

• A) depreciation.
• B) indirect business taxes.
• C) statistical discrepancy.
• D) net foreign factor income payments.

Comprehend the impact of interest rates on the economy and individual financial decisions.

Recognize the implications of effective usury laws and their effect on low-income borrowers.

Learn the determinants of rents and their relation to land and marginal revenue product.

Understand the basic function of profits and losses in allocating resources within an economy.

---

Definitions:

Zinc

A chemical element with the symbol Zn and atomic number 30, known for its corrosion-resistant properties and wide use in galvanization and alloys.

Average Cost

The total cost of production divided by the number of units produced, indicating the cost per unit.

Copper

A reddish-brown metal with high electrical and thermal conductivity, used extensively in electrical wiring and plumbing.

Zinc

A metallic element used primarily for galvanizing steel and iron products to prevent rust; also important in biology and nutrition.