The sum of payments made to resource owners for the use of their resources is:
a. gross domestic product.
b. net domestic product.
c. national income.
d. personal income.
e. disposable personal income.
c
Economics
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When cyclical unemployment is zero
A) frictional unemployment is zero. B) cyclical and frictional unemployment are zero. C) structural unemployment is zero. D) the unemployment rate equals the natural unemployment rate.
Economics
Which of the following statements is true of hypothesis testing?
A. The t test can be used to test multiple linear restrictions. B. A test of single restriction is also referred to as a joint hypotheses test. C. A restricted model will always have fewer parameters than its unrestricted model. D. OLS estimates maximize the sum of squared residuals.
Economics