The following are national income account data for a hypothetical economy in billions of dollars: government purchases ($1,050); personal consumption expenditures ($4,800); imports ($370); exports ($240); gross private domestic investment ($1,130). Personal consumption expenditures are approximately what percentage of this economy?

Plato and Aristotle were both concerned about how an unequal distribution of income could cause political instability

Indicate whether the statement is true or false

Assume that this graph illustrates a perfectly competitive labor market.Equilibrium in this labor market is at a wage of ________ per hour and an employment level of ________ person-hours per day.

A. $20; 125 B. $30; 150 C. $20; 200 D. $30; 100