Labor productivity is calculated by dividing GDP by
a. population.
b. the price level.
c. capital stock
d. labor force.
d
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According to the best evidence, immigration in the U.S.:
A. Raises the wages of low-skilled native-born workers and decreases the salaries of highly-skilled native born workers B. Increases the wages of both low-skilled native-born workers and highly-skilled native born workers C. Reduces the wages of low-skilled native-born workers and increases the salaries of highly-skilled native born workers D. Reduces the wages of low-skilled native-born workers and may decrease the salaries of highly-skilled native born workers
Which of the following is NOT a component of the incomes approach to GDP?
A) net exports B) wages and salaries C) corporate profits D) proprietors' income
Supply-side economists believe that high marginal income tax rates ______.
a. decrease tax evasion b. increase government revenue c. decrease the incentive to work d. increase total investment
Someone who does not have a job but is not counted as unemployed, such as a retiree, is:
A. not in the civilian labor force. B. considered employed. C. still, nonetheless, part of the civilian labor force. D. not counted in the civilian adult population.