Which of the following is included in personal income but not in national income?
a. Compensation for workers.
b. Proprietors' income.
c. Corporate profits.
d. Social Security payments.
e. Rent.
d
You might also like to view...
If all consumers are price-takers facing the same prices, then all choice sets are the same.
Answer the following statement true (T) or false (F)
If an individual's indifference curve map does not obey the assumption of a diminishing MRS, then:
a. the individual will not maximize utility. b. the individual will buy none of good x. c. tangencies of indifference curves to the budget constraint may not be points of utility maximization. d. the budget constraint cannot be tangent to an appropriate indifference curve.
The aggregate demand curve indicates the relationship between:
A. the real wage rate and the quality of resources demanded by producers of goods and services. B. the interest rate and the amount of loanable funds demanded by borrowers. C. the natural rate of unemployment and the demand for goods and services when the economy is in long-run equilibrium. D. the general price level and the aggregate quantity of goods and services demanded.
When 2 units of labor are used, output is
A. 5.
B. 8.
C. 10.
D. 13.