Which of the following statements is true? a. Indirect business taxes are a comp

Question

Which of the following statements is true?

a. Indirect business taxes are a component of national income because when added to the

other components of national income, the sum must equal GDP.

b. Indirect business taxes must be subtracted from national income to yield a figure equal to

GDP.

c. Indirect business taxes are a part of national income because they are considered a

payment to a factor of production.

d. Indirect business taxes are not part of national income because they are not considered a

payment to a factor of production.

Explanation / Answer

a. Indirect business taxes are a component of national income because when added to the

other components of national income, the sum must equal GDP.

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