All of the Following Statements Are Correct EXCEPT

question 135

Multiple Choice

All of the following statements are correct EXCEPT

• A) NDP = Gross Domestic Product (GDP) - depreciation (capital consumption allowance).
• B) NI = NDP + indirect business taxes.
• C) Net exports = total exports - total imports.
• D) Gross Domestic Product (GDP) = NDP + capital consumption allowance (depreciation).

---

Definitions:

Profit

The financial gain realized when revenue from business activities exceeds the costs and expenses involved in operating.

Market Rate

The prevailing price or cost of goods, services, wages, or interest rates in the open market.

Natural Gas

A fossil fuel composed mainly of methane, used as an energy source for heating, electricity, and vehicle fuel.

Profit

The financial gain achieved when the revenue from selling goods or services exceeds the costs associated with production and operations.