Solution-National income would no longer equal gdp

National income would no longer equal gdp

Reference no: EM13969636

If a firm sold $700 worth of goods which cost $1,000 to produce:

A.	national income would no longer equal GDP.
B.	the firm's loss needs to be subtracted from final sales so that income and output are still equal.
C.	the firm's loss would not be added to national income.
D.	national income would still equal GDP.

Reference no: EM13969636

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National income would no longer equal gdp

Reference no: EM13969636

Reference no: EM13969636

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