You Have Data for Compensation of Employees,proprietors' Income,rental Income,and Net

question 19

Multiple Choice

You have data for compensation of employees,proprietors' income,rental income,and net interest.Can you compute national income?

• A) Yes.
• B) No, since data on indirect business taxes are missing.
• C) No, since data on corporate profits is missing.
• D) No, since data on the capital consumption allowance is missing.
• E) No, since net interest has not been adjusted for profits.

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Definitions:

Island Chains

Groups of islands formed close to one another, often as a result of volcanic activity along oceanic ridges or subduction zones.

Continental Drift

A theory that explains the gradual movement of continents across the earth's surface through geological time.

Glacial Deposits

Materials left behind by glaciers as they advance and retreat, including rocks, sediments, and debris.

Fossils

The preserved remains or impressions of organisms from the past, typically found in sedimentary rock.