Wages and salaries (including wage supplements) accounted for ________ of personal income in the United States in 2017.
A. 37%
B. 50%
C. 63%
D. 90%
Answer: C
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Suppose the per-unit production cost of a book is $4.00 and the retail price is $32
If the book publisher sells books to a bookstore at a 40 percent discount, what is the amount of the publisher's markup per book? Assume that bookstores sell books at the retail price. A) $12.80 B) $15.20 C) $19.20 D) $21.60
Refer to the table shown. If the market price is $8, a perfectly competitive profit-maximizing firm will produce:QuantityMarginal Cost1$3253749
A. 1 unit of output. B. 2 units of output. C. 3 units of output. D. 4 units of output.
Which of the following will NOT cause the public debt to change?
A. government budget surplus B. government budget deficit C. an amount of tax collection by the government more than it spends D. balanced budget
The table below shows the cyclically-adjusted budget deficit as a percentage of GDP over a five-year period.
Refer to the information above
A. Year 2
B. Year 3
C. Year 4
D. Year 5