Multiple Choice
Using the income approach, net interest is included because
A) households both receive and pay interest.
B) households pay but do not receive interest and firms receive but do not pay interest.
C) firms pay but do not receive interest and households receive but do not pay interest.
D) it is income to the government but not to households nor firms.
Correct Answer:

Verified
Correct Answer:
Verified
Q7: Brady pays $37,450 for a new car,
Q8: If exports rise and imports fall, then:<br>A)
Q9: Based on the circular flow model, money
Q10: The Department of Commerce sums the payments
Q11: GDP does not count:<br>A) the estimated value
Q13: Exhibit 5-8 GDP data (billions of dollars)<br><img
Q14: National income is calculated as GDP:<br>A) plus
Q15: The largest component of GDP is:<br>A) personal
Q16: If a homeowner sells a kitchen table
Q17: Gross private domestic investment includes business:<br>A) purchases