Arlene quits her $125,000-a-year job to take care of her ailing parents. What is the opportunity cost of her decision?
A) at least $125,000
B) It depends on the "going rate" for home-care providers.
C) the value she attributes to the satisfaction she receives from taking care of her parents
D) zero, since she will no longer be earning a salary
A
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The functional distribution of income measures which of the following?
A) the distribution of income among households B) how federal tax revenues are related to the business function that employs taxpayers C) the proportion of income generated by the four types of expenditures on goods and services D) the distribution of earnings by the factors of production E) the distribution of income among nations
If the Commerce Department adjusts the growth rate of GDP downward for the first quarter of 2016, and the Bureau of Labor Statistics adjusts the number of hours worked upward for the first quarter of 2016, what will the Bureau of Labor Statistics do
in terms of revising the figures on the growth rate of labor productivity for the first quarter of 2016? A) The BLS will not change the growth rate of productivity. B) The BLS will adjust the growth rate downwards. C) The BLS will adjust the growth rate upwards. D) The BLS will adjust the level of labor productivity upward and the growth rate downward.