Refer to Table 19-27. What is the level of personal income for this economy?
A) $1,140 billion B) $1,010 billion C) $990 billion D) $860 billion
B
You might also like to view...
Which of the following is true of a current account surplus? a. A country that is running a current account surplus will have negative net exports
b. A current account surplus is consistent with domestic spending being in excess of domestic production. c. A current account surplus means that a country is also running a net surplus in its financial account. d. A country can have a current account surplus only if it exports more services as compared to goods. e. A country that is running a current account surplus buys more bonds from the rest of the world as compared to what it sells.
A perfectly competitive firm should hire additional units of labor in a competitive labor market if
a. marginal revenue is less than marginal cost b. the marginal revenue product exceeds the wage rate c. total revenue exceeds total cost d. the marginal product of labor exceeds the wage rate e. the marginal product of labor is less than the wage rate