National income is the income that individuals and firms earn from their production.
Answer the following statement true (T) or false (F)
True
Economics
You might also like to view...
The figure above shows that the unregulated market equilibrium occurs at a tuition of ________ a year and ________ million students
A) $15,000; 7.5 B) $25,000; 15 C) $15,000; 15 D) $25,000; 7.5 E) $38,000; 7.5
Economics
What happens to the real wage rate and potential GDP if population increases?
What will be an ideal response?
Economics
What is the percentage of income received by the upper quintile on line Y?
Economics
The self-correcting tendency of the economy means that rising inflation eventually eliminates:
A. unemployment. B. exogenous spending. C. recessionary gaps. D. expansionary gaps.
Economics