Private disposable income is equal to
A) Y + TR + INT - T.
B) Y + NFP + TR + INT - T.
C) Y - TR - INT + T.
D) Y + CA - G.
B
Economics
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A) goods; factor B) goods; financial C) government; goods D) financial; factor E) firm; government
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What do economists call the tendency of people at a higher wage rate to choose free time over work?
a. substitution effect b. income effect c. diversion theory d. leisure theory
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