Net domestic product is defined as:
A. Personal income plus corporate taxes.
B. The amount of new output currently available for use without reducing the economy's stock of capital.
C. The amount of new output currently available for gross investment.
D. GDP plus depreciation.
Answer:B
Net domestic product is defined as:
A. Personal income plus corporate taxes. B. The amount of new output currently available for use without reducing the economy's stock of capital. C. The amount of new output currently available for gross investment. D. GDP plus depreciation.