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.

---

Definitions:

Manufacturing Sector

The segment of the economy concerned with the production of goods through the processing of raw materials and components into finished products.

Small Businesses

Refers to privately owned corporations, partnerships, or sole proprietorships that have fewer employees and lower annual revenue than a regular-sized business or corporation.

Wholesaling

The selling of goods in large quantities at lower prices to be retailed by others.