NNP (Net National Product)
NI (National Income)
GDP (Gross Domestic Product)
PI (Personal Income)
Adding up categories (types) of income.
Adding up the value of products and subtracting 1) depreciation (capital consumption allowance, 2) indirect business taxes, and 3) statistical discrepancies.
Both a and b.
None of the above
Wages and salaries
Place a value on owner-occupied housing
Count do-it-yourself production
Count corporate profits
All of the above
Multiply nominal values by a price index
Divide nominal values by a price index
Higher than any other wage rate
Adjusted for changes in the price level
Will not be affected
Will go down
Will go up
May go up or down