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Citizens abroad. ANSWER: b. including income earned by U.S. Citizens abroad and excluding income earned by foreigners in the U.S. TYPE: M DIFFICULTY:...
Citizens abroad. ANSWER: b. including income earned by U.S. Citizens abroad and excluding income earned by foreigners in the U.S. TYPE: M DIFFICULTY: 2 SECTION: 5.2 57. How is NNP calculated? A. by subtracting saving from the total income of citizens of a nation b. by subtracting business expenses and taxes from the total profits earned by citizens of a nation c. by subtracting depreciation from the total income of citizens of a nation d. by subtracting depreciation from the total profits earned by citizens of a nation ANSWER: c. by subtracting depreciation from the total income of citizens of a nation TYPE: M DIFFICULTY: 2 SECTION: 5.2 58. In the national income accounts, depreciation is called a. "consumption of fixed capital." B. "total tax depreciation." C. "consumption of circulating capital." D. "loss due to wear."
