What percentage of United States personal income in 2017 came from transfer payments?

A. 9%
B. 28%
C. 51%
D. 64%

Answer: A

Economics

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List and compare the four components of the expenditure approach to calculating GDP

What will be an ideal response?

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If the number of unemployed workers is 200 million, the number of employed workers is 300 million, and the working-age population is 800 million, what is the labor force participation rate?

A) 12.5% B) 37.5% C) 40% D) 62.5%

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