Refer to the information provided in Figure 23.3 below to answer the question(s) that follow.
Figure 23.3Refer to Figure 23.3. If aggregate income is $1,000 billion, then in this society aggregate saving is ________ billion.
A. $240
B. $300
C. $320
D. $550
Answer: A
You might also like to view...
Figure 3-3
?
In Figure 3-3, a shift from A to B seems most consistent with which of the following scenarios?
A. Society has decided to give guns lower priority. B. Technological advances have been greater for guns than for butter. C. The society has experienced a massive immigration of labor. D. There are unemployed resources in the production of both guns and butter.
The income approach measures GDP by adding together compensation of employees, proprietors' income, ________
A) net investment, saving, and farmers' income B) net interest, rental income, and corporate profits C) net investment, rental income, and corporate profits D) net saving, investment income, and profits
As the interest rate increases, the velocity of money will increase as well
a. True b. False Indicate whether the statement is true or false
Price competition among firms has proved to be more important than the introduction of new products.
Answer the following statement true (T) or false (F)