What is the measure of the income earned by owners of resources used in making final goods and services?
a. personal income
b. national income
c. retained earnings
d. gross domestic income
b
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Use the following graph to answer the next question. 
Which of the following statements is correct on the basis of the information shown?
A. The GDP price index equals 100 in 2000. B. The GDP price index is less than 100 in 2010 C. The GDP price index is greater than 100 in 1990. D. Without additional data, the value of the GDP price index cannot be known for any year in the graph above.
Right or wrong, using the expenditure approach to GDP will show a net increase in GDP because of the 2005 Hurricanes
a. True b. False
Consumer spending is __________
Fill in the blank(s) with the appropriate word(s).
The demand curve for a monopolistically competitive firm is
A. less elastic than the demand curve of the perfectly competitive firm. B. the same as the industry demand curve. C. more elastic than the demand curve of the perfectly competitive firm. D. horizontal.