Using the income approach, the largest component in the calculation of GDP is:
a. net interest.
b. rental income.
c. profits.
d. compensation of employees.
d
Economics
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In the above figure, if the budget line shifts from RT to RS, the income effect is illustrated by the move from
A) a to b. B) a to c. C) b to c. D) T to S.
Economics
The monetary liabilities of the Federal Reserve include
A) securities and loans to financial institutions. B) currency in circulation and reserves. C) securities and reserves. D) currency in circulation and loans to financial institutions.
Economics