Which of the following statements regarding National Income Accounting
is/are true? I. In the measurement of National Income (NNP at Factor Cost),
the Net Factor Income from abroad is added to Factor Payments. II. If we
want to measure personal income, we should add Transfer payments to
NNP at Factor Cost. III. In the Net Disposable Income, personal Taxes are
added.
OI, II,
O I, II, III
O I, III
II, III
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Answer:
It began after the stock market crash of October 1929, which sent Wall Street into a panic and wiped out millions of investors. Over the next several years, consumer spending and investment dropped, causing steep declines in industrial output and employment as failing companies laid off workers.
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Answer:
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Explanation:
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