Employee compensation accounts for about what percentage of national income?
A. 33 percent
B. 42 percent
C. 66 percent
D. 90 percent
Answer: C
Economics
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Economists have found evidence of a Giffen good when studying the consumption of rice in the Chinese province of Hunan
a. True b. False Indicate whether the statement is true or false
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Refer to the graph below showing the marginal product (MPL) and the average product of labor (APL). At which quantity of labor employed is total product maximized?
A. A
B. B
C. C
D. D
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The GDP equation is
A) Y = C - I - G - NX. B) Y = C + I + G + NX. C) C + I = G + NX. D) C + I = Y + G + NX.
Economics