Which of the Following Is Not Correct

question 88

Multiple Choice

Which of the following is not correct?

• A)GNP equals net national product plus losses from depreciation.
• B)For most countries,including the United States,GDP and GNP are nearly the same.
• C)GDP and GNP typically move in opposite directions.
• D)Personal income equals disposable personal income plus personal taxes plus certain nontax payments.

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Definitions:

Setup Time

The duration required to prepare or adjust equipment before a production process begins, minimizing this time can increase efficiency.

Production Order Quantity

The optimum quantity of goods a company should order for production which minimizes total inventory costs.

Retail Inventory

The total value of goods available for sale at a retail location, including items on the sales floor and in stock.