When using the income approach to measure GDP, the largest share of GDP generally consists of
A) interest income.
B) labor income.
C) indirect taxes.
D) profits.
E) capital income.
B
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The mutual relationship between two events is known as ________, and when one event is responsible for the other even happening, this is known as ________
A) causation; correlation B) correlation; causation C) symbiosis; correlation D) causation; symbiosis
Table 13.2ABC Bank Balance SheetAssetsLiabilitiesTotal reserves$80,000Transactions accounts$200,000Loans120,000??Refer to Table 13.2. With total reserves of $80,000 and a required reserve ratio of 25 percent, ABC Bank could support maximum transactions account balances of
A. $2,000,000. B. $50,000. C. $320,000. D. $20,000.
An economy is in the midst of a recession. An example of a government policy aimed at moving the economy back to potential GDP is:
a) an increase in taxes. b) an increase in government spending on infrastructure improvements. c) an increase in the poverty tax. d) a decrease in unemployment benefits.
Which of the following laws stated that attempts to monopolize, conspiracies in restraint of trade, and conspiracies to monopolize were illegal?
A. The Federal Trade Commission Act B. The Clayton Act C. The Sherman Antitrust Act D. All of the choices are correct.