Looking at the components of the income approach we see that
A) compensation of employees is the largest category.
B) consumption is the largest category.
C) profits are the largest category.
D) rental income is the largest category.
A
You might also like to view...
Refer to the scenario above. What is the payoff to Firm A in equilibrium?
A) $2.4 million B) $2.6 million C) $5.2 million D) $3.0 million
If an economy produces 4,000 units of output with a price level of $2 and with a velocity of money of 8, we know that the money supply must be:
A. $1,000. B. $8,000. C. $2,000. D. $4,000.
The simple circular flow model shows that workers and owners of land and capital offer their services through: a. product markets. b. factor markets
c. money markets d. government.
If people buy less of a good at every price when their incomes fall, then that good is a normal good
Indicate whether the statement is true or false