The largest component of national income is:

A) compensation of employees
B) proprietor's income
C) rental income
D) corporate profits


A

Economics

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Indicate whether the statement is true or false

Economics

Suppose the government imposes a tax of 20 percent on the first $50,000 of income and 30 percent on all income above $50,000 . What is the average tax rate when income is $60,000?

a. 21.7 percent b. 25.0 percent c. 46.7 percent d. 50.0 percent

Economics

Any asset used to make purchases is:

A. money. B. a deposit. C. the same as income. D. a bond.

Economics

Education increases the stock of which factor of production?

A) physical capital B) human capital C) land D) entrepreneurship

Economics