Employee compensation accounts for about what percentage of national income?
a. 33 percent
b. 42 percent
c. 66 percent
d. 90 percent
c
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Use the following information to answer the next question.C = A + .875(Y - T)A = $10,000I = $2,000G = $2,500T = $1,000NX = $1,025What will be the change in consumption if net exports decrease by $250?
A. Consumption will not change. B. Consumption will fall by $1,750. C. Consumption will rise by $218.75. D. Consumption will fall by $250.
Identify the correct statement
a. It is absolutely compulsory for the government to earn a profitable return on the money it earns by selling bonds. b. When government borrowing rises, interest rates decline, thereby driving up private investment. c. When interest rates rise, fewer number of corporations offer new bonds to raise investment funds. d. An increase in interest rate reduces the cost of borrowing by the firms. e. When interest rates fall, the firm's cost of raising funds through bonds increases.
If opening up international trade resulted in the U.S. becoming a wheat exporter, relative to the prior no-trade situation, the U.S. domestic price of wheat: a. would rise, but domestic output would fall
b. would decline, but domestic output would rise. c. would decline, as would domestic output. d. would rise, as would domestic output.
The long run refers to the time interval in which suppliers are able to change the quantity of some, but not all, of the resources in the production of a good
Indicate whether the statement is true or false