D. Prices have been deflated by 125 percent since 1992. National income measures A. nominal GDP adjusted for inflation. B. the after-tax earnings of corporations. C. the cost of employing resources in the production of the nation's output. D. tax receipts of the national government.
Intermediate products are A. goods that are purchased by the government.
B. goods that are transferred to the states. C. products produced by the federal government but consumed by the states. D. products used as the ingredients of products made by other firms. Net exports may be defined as A. American output shipped abroad. B. exports plus imports.