Which is a primary use for national income accounting?
A. To determine whether there is a fair and equitable distribution of income in the economy.
B. To assess the economic efficiency of specific industries in the economy.
C. To measure changes in the value of goods and services produced in the economy.
D. To analyze the environmental cost of economic growth.
Answer: C
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What will be an ideal response?
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A) a direct relationship B) an inverse relationship C) a linear relationship D) a maximum relationship
Refer to above figure. Would you expect to find that the real wages become equalized in both countries? Explain the reason for any differences you note
What will be an ideal response?
Which of the following is a positive rather than a normative question?
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