Products produced in oligopoly markets can be homogeneous.
Answer the following statement true (T) or false (F)
True
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Which of the following lists gives factors that increase labor productivity?
A) expansion of human capital, labor force increases, and discovery of new technologies B) expansion of human capital, population growth, and discovery of new technologies C) saving and investment in physical capital, and wage increases D) labor force increases and wage increases E) saving and investment in physical capital, expansion of human capital, and discovery of new technologies
In 2009, the top 1% of all income earners paid _________ percent of federal taxes.
A. 1.0 B. 4.1 C. 15.6 D. 22.3
If the economy grew at 7 percent from 2015 to 2016 and real GDP was 400 in 2015, what was real GDP in 2016?
A. 393 B. 400 C. 407 D. 428
The accounting framework used in measuring current economic activity is called
A. the flow of funds accounts. B. the U.S. expenditure accounts. C. the national income accounts. D. the balance of payments accounts.