Asked by Lonly

Question 1. An accurate statement about the Great Depression would be that?

A. it was a recession that became a depression because of World War II.
B. it was set off because of a sharp and unexpected rise in interest rates.
C. it was the most severe economic downturn in the history of industrial capitalism.
D. its effects and duration would have been even worse if it weren't for a strong economy in Japan and Europe at the time.

Question 2. GNP minus the cost of depreciation of capital equipment is?

A. real GDP.
B. nominal GDP.
C. national income.
D. net national product.
Answered by Ms. Sue
We'll be glad to check your answers.

Answered by Lonly
well for Q I think it's C and for Q 2 I think its B
Answered by Ms. Sue
1 is correct.

Check this site for 2.

http://www.chacha.com/question/can-you-explain-this-statement,-gnp-minus-the-cost-of-depreciation-of-capital-equipment-is-net-national-product
Answered by Lonly
thank you
Answered by Ms. Sue
You're welcome.
Answered by Mysterious
Q1.C
Q2.D
Answered by Shid cumb farder man.
Still c and d
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