Approximately how much of aggregate national income in the United States is spent on health care today?
A) 3 percent
B) 45 percent
C) 17 percent
D) 34 percent
Answer: C
You might also like to view...
Real GDP =________ where the price level is the ________
A) Nominal GDP × Price level; GDP deflator B) Nominal GDP ÷ Price level; GDP deflator C) Nominal GDP ÷ Price level; CPI D) Nominal GDP × Price level; CPI E) none of the above
A government strong enough to protect individual rights is also strong enough to violate them
a. True b. False
According to the table shown, the firm's marginal revenue:
This table shows the total costs for various levels of output for a firm operating in a perfectly competitive market.
A. is constant.
B. increases as output increases.
C. decreases as output increases.
D. increases until the 3rd unit, then decreases.
Assume there are two people in a society. Person A is willing to pay $140 to have one unit of a public good produced and Person B is willing to pay $160 to have one unit of a public good produced and $140 to have two units produced. As a result, society would be willing to pay a price of ________ of this public good.
A. $300 for 1 unit B. $200 for 1 unit C. $200 for 3 units D. $160 for 5 units