Which one of these will be deducted from gross output to determine the net output? a. Total government spending b. Private income c. Factor income from abroad d. Intermediate consumption
Which one of these will be deducted from gross output to determine the net output? a. Total government spending b. Private income c. Factor income from abroad d. Intermediate consumption
Economics Today and Tomorrow, Student Edition
1st Edition
ISBN:9780078747663
Author:McGraw-Hill
Publisher:McGraw-Hill
Chapter13: Measuring The Economy's Performance
Section: Chapter Questions
Problem 10AA
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Question
Which one of these will be deducted from gross output to determine the net output?
a.
Total government spending
b.
Private income
c.
Factor income from abroad
d.
Intermediate consumption
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