What is the value of disposable income?
| Consumption expenditures | $4,150 |
| Federal government purchases of goods and services | 850 |
| State and local government’s purchases | 331 |
| Investment | 751 |
| Proprietors income | 150 |
| Compensation of employees | 4,080 |
| Corporate profits | 134 |
| Taxes on corporate profits | 23 |
| Rental income | 31 |
| Capital consumption allowance | 295 |
| Indirect business taxes | 130 |
| Net interest | 147 |
| Exports | 300 |
| Imports | 320 |
| Undistributed corporate profits | 111 |
| Transfer payments | 66 |
| Personal taxes | 45 |
| Dividends | 0 |
| Income Earned from the Rest of the World | 252 |
| Income Earned by the Rest of the World | 1,347 |
| Social insurance taxes | 222 |
| Statistical discrepancy | 5 |
A. $3,618
B. $4,795
C. $3,727
D. $4,207
E. $4,017
Answer: D. $4,207
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(A) Costs go up. (B) Costs go down. (C) Costs initially go up and then go down. (D) Costs initially go down and then go up.
Compared to the situation existing when the Kyoto Protocols were created,
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In the long run, both monopolistically competitive and perfectly competitive firms attain
A) lowest cost production. B) positive economic profits. C) zero economic profits. D) productive efficiency.
Which of the following points would not be used as an argument in support of the current international monetary system?
A) It allows nations to pursue independent monetary policies. B) It results in stable exchange rates. C) It helps solve trade problems without trade restrictions. D) It is flexible and can easily adjust to shocks. E) All of the above could be used as arguments supporting the current system.