Margo orders a MacBook Pro computer from The Apple Store online to use it in her graphic design business. How will this be reflected in the figure above?
A) as expenditures on goods and services
B) as a flow of a factor of production
C) as a flow of goods and services bought
D) as goods and services supplied
E) It won't be shown in the figure because this transaction takes place neither in goods markets nor in factor markets.
The figure above shows governments in the circular flow.
B
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After calculating net domestic product at factor cost, to calculate GDP using the income approach, in part we must add
A) interest, rent, and profit. B) wages. C) indirect taxes and depreciation. D) net operating surplus. E) subsidies.
If the marginal cost of producing vanity license plates is virtually zero (by prison inmates with little else to do), then states would maximize their profits on plate sales at the point on a linear demand curve where
A. demand is inelastic. B. demand is elastic. C. demand is unit elastic. D. the demand curve crosses the horizontal axis.
The largest marital status category of black single parents in 1960 was "married-spouse absent."
Indicate whether the statement is true or false
In 2016, interest payments on the national debt accounted for almost _____ of federal outlays
a. 7 percent b. 25 percent c. 14 percent d. 52 percent e. 40 percent