National income accountants can avoid multiple counting by:
a) including transfer payments in their calculations.
b) only counting final goods.
c) counting both intermediate and final goods.
d) only counting intermediate goods.
b) only counting final goods.
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If the people who take early retirement are not counted in the working-age population, then
A) the unemployment rate would be lower. B) the labor force participation rate would be less. C) the unemployment rate would be higher. D) the labor force participation rate would be higher.
Distinguish between the balance of payments and the balance of trade
What will be an ideal response?
To decrease the money supply, the Fed could
a. sell government bonds. b. increase the discount rate. c. increase the reserve requirement. d. All of the above are correct.
The accompanying table below shows how total donations, average donations, total labor costs and average labor costs vary depending on the number of employees State U hires for its fundraising activities.Number of EmployeesTotal DonationsAverage DonationsTotal Labor CostsAverage Labor Costs1$30,000 $8,0002$42,426 $17,000 3 $17,321$27,000 4$60,000 $9,5005 $13,416$50,000 The net benefit of hiring fundraisers is largest when ________ employees are hired.
A. 1 B. 2 C. 4 D. 3