Which of these items will increase the level of national income?O a. Higher gross outputb. Lower net factor income from abroadO c. Higher intermediate consumptionO d. Higher depreciation

In an economy, national income include all the domestic income as well as factor income from abroad.…

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Which of these items will increase the level of national income? O a. Higher gross output O b. Lower net factor income from abroad Higher intermediate consumption O d. Higher depreciation

Principles of Economics 2e

2nd Edition

ISBN:9781947172364

Author:Steven A. Greenlaw; David Shapiro

Publisher:Steven A. Greenlaw; David Shapiro

Chapter19: The Macroeconomic Perspective

Section: Chapter Questions

Problem 17RQ: What are typical GDP patterns for a high-income economy like the United States in the long run and...

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Which of these items will increase the level of national income?
O a. Higher gross output
b. Lower net factor income from abroad
O c. Higher intermediate consumption
O d. Higher depreciation

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