The statement in a newspaper that "consumer prices rose last month by 1 percent, and if this trend continues, the annual rate of inflation will be 12 percent for the year" is an example of:

Economists use the word "capital" to mean

A) purchases in the market for stocks and bonds. B) the tools, instruments, and other produced goods used to produce goods and services. C) the workers that firms employ to produce goods and services. D) the funds that firms use to buy and operate their businesses. E) people's skills and talents.

Gross income net of taxes is known as ________

A) Gross Domestic Product, or GDP B) disposable income C) Gross Domestic Product per capita D) retained earnings