Personal income will equal disposable income when:
A. Corporate profits are zero
B. Personal taxes are zero
C. Transfer payments are zero
D. Social Security contributions are zero
B. Personal taxes are zero
You might also like to view...
The table above shows the total product schedule for Rick's Lawn Service, a yard care company. When the 4th worker is hired, the ________ product of labor equals ________ lawns mowed
A) average; 60 B) average; 3.75 C) marginal; 3.75 D) marginal; 0 E) marginal; 15
The city of Austin can buy roads or light rail. If 10 miles of roads cost $1 million and 2 miles of light rail cost $10 million, what is the city's opportunity cost of 1000 miles of roads?
a. $100 million b. 2 miles of light rail c. 200 miles of light rail d. $50 million e. $1,000 million
Gary buys a house for $200,000 using $10,000 of his own money and gets a mortgage for the remaining $190,000 . If the value of the house increases 7%, what will be the percentage increase in Gary's investment?
a. 25% b. 7% c. 14% d. 70% e. 140%
Bryan Mackenzie, from Los Angeles, California, is an independent computer consultant. Companies all over the world hire him to design their computer systems. Are the services he renders in Tokyo, Japan, included in the United States GNP? Are they included in the United States GDP? Explain your answers