Which of the following would be an advantage of a sole proprietorship?
a. ability to raise money by issuing stock
b. the sharing of risk with other investors
c. limited liability
d. unlimited liability
e. one person can make all decisions
E
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According to the income approach to measuring GDP, the largest income category is
A) profits. B) rent. C) wages. D) consumption expenditure. E) interest.
If the money wage rate is constant and the price level increases, what happens to the real wage rate, firms' profits, and the aggregate quantity supplied?
What will be an ideal response?
The revenue a government gains from issuing money is
A) interest. B) rent. C) seignorage. D) the national dividend. E) the inflation tax.
Suppose an initial increase in government expenditure increases output by $50,000 . If the size of the multiplier is 2.5, the size of the initial increase in government expenditure was: a. $25,000
b. $20,000. c. $12,5000. d. $1250. e. $30,000.