Given the following information, aggregate income equals:Profits$700Rent$400Compensation to employees$2,500Interest$300Taxes$1,000Transfer payments$500
A. $3,400.
B. $3,900.
C. $2,900.
D. $4,400.
Answer: B
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Consider two economies: A and B that are completely similar, except their savings rate. The savings rate in economy A is greater than the savings rate in economy B. Which of the following statements is true?
A) Capital accumulation will be faster in economy B in comparison to economy A. B) Capital accumulation will be faster in economy A in comparison to economy B. C) Rate of capital accumulation will be the same in both economies. D) Growth rate in country B is likely to be higher than the growth rate of country A in the long-run.
In the short run, if average product is at its maximum, then average variable cost is at its minimum
Indicate whether the statement is true or false
"The US should not restrict employers from outsourcing work to foreign countries" is a normative statement
a. True b. False Indicate whether the statement is true or false
Which of the following is consistent with secular deflation?
A. a persistently decreasing price level caused by money being withdrawn from the economy B. a persistently increasing price level caused by several periods of economic growth with decreasing AD C. a persistently decreasing price level caused by several periods of economic growth with stable AD D. a persistently decreasing price level caused by increases in government expenditures