What Should Be Subtracted from GDP to Calculate National Income

question 252

Multiple Choice

What should be subtracted from GDP to calculate national income?

• A) depreciation
• B) indirect taxes
• C) personal income taxes
• D) net factor payments to the rest of the world

Analyze changes in balance sheet accounts to determine their effects on cash flows.

Calculate net cash provided by operating activities using both indirect and direct methods, when required.

Determine the impact of cash dividends on cash flow.

Understand the concept of free cash flow and how to calculate it.

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