Which of the following phrases indicates that income is being spoken of?
a. Tuesday, at 12:30 p.m.
b. July 14, 1948
c. from January 1 to March 30
d. yesterday afternoon
c
You might also like to view...
Which components of aggregate expenditure change as a result of real GDP changing?
A) consumption expenditure, investment, and government expenditure on goods and services B) consumption expenditure and investment C) consumption expenditure and imports D) consumption expenditure and government expenditure on goods and services E) consumption expenditure, investment, and exports
Ignoring any supply-side effects, if government expenditure on goods and services decreases by $10 billion and taxes decrease by $10 billion, then real GDP ________ and the price level ________
A) increases; rises B) increases; falls C) decreases; rises D) decreases; falls E) does not change; does not change
The Gini coefficient measures:
A. income inequality. B. poverty prevalence. C. average income per person. D. change in average income per person over time.
Times of recession or depression often seem to be times when the
a. inflation rate is higher. b. inflation rate is lower. c. deflation rate is lower. d. deflation rate is higher.