The dollar value of output for an economy must always equal the dollar value of income.
Answer the following statement true (T) or false (F)
True
This must be true because each dollar of spending is ultimately assigned to one of the four factors of production.
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The minimum amount that investors must earn on the funds they invest in a firm, expressed as a percentage of the amount invested, is referred to as
A) the explicit costs of production. B) net income. C) net worth. D) a normal rate of return.
Sometimes distinct patterns around a trend line can be caused by
A) poor underlying data. B) dummy variables. C) seasonal variation. D) statistical anomalies.
In 2009 Greece's budget deficit rose and people became worried about the ability of the Greek government to make payments on its debt. Which of the these events reduces a country's real exchange rate?
a. an increase in the budget deficit, and increased concerns about the ability of the government to pay back its debt b. an increase in the budget deficit, but not increased concerns about the ability of the government to pay back its debt c. increased concerns about the ability of the government to pay back its debt, but not an increase in the budget deficit d. neither an increase in the budget deficit, nor increased concerns about the ability of the government to pay back its debt
If the marginal cost of the 5,000th unit is $0.06 and the average total cost of the 5,000th unit is $0.10:
A. total cost is falling. B. average variable cost is falling. C. average total cost is falling. D. average fixed cost is rising.