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

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Definitions:

Education Level

The highest degree or level of schooling completed by an individual.

Likelihood Of Marriage

The probability or chance that an individual will get married, influenced by various social, cultural, and personal factors.

Body Mass Index

A numerical computation that assesses an individual's body weight in relation to their height, often used to categorize underweight, normal weight, overweight, and obesity.

Sociologically Significant

Pertaining to aspects that are important or impactful from a sociological perspective, often relating to social behavior, structures, or problems.