If you're interested in deriving national income, add up
a. compensation for employees, interest, rent, corporate profit, and proprietors' income
b. compensation for employees, interest, rent, corporate profit, and transfer payments
c. compensation for employees, interest, rent, proprietors' income, and indirect business taxes
d. compensation for employees, interest, rent, corporate profits, and capital depreciation
e. compensation for employees, rent, corporate profits, proprietors' income, and transfer payments
A
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How has the U.S. growth experience compared to that of Central Europe and Africa? How has compared to the recent experience of Asian nations such as Hong Kong and Singapore
What will be an ideal response?
Suppose statistical surveys indicate that new orders for manufactured goods and new building permits for single-family homes are declining and that business inventories are rising. This implies economic activity is slowing down and the economy is potentially entering a recessionary period
a. True b. False Indicate whether the statement is true or false
The largest component of gross domestic income is
A. profits. B. taxes. C. wages. D. interest payments.
If a number greater than the mean of a series of observations is added to the series, the new mean is:
A) smaller than the original mean. B) greater than the original mean. C) same as the original mean. D) either greater or smaller than the original mean depending on the number of observations in the series.