The total dollar value of purchases in the economy is far larger than GDP primarily because:
a. GDP ignores taxes
b. GDP excludes the value of intermediate goods exchanged.
c. GDP excludes the output from foreigners working in America.
d. GDP ignores production in the home
b
Economics
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In the figure above, the richest 40 percent of households receive ________ of total income
A) 70 percent B) 30 percent C) 60 percent D) 80 percent
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All differences in wages that are not accounted for by differences in human-capital investment are likely to be a result of discrimination
a. True b. False Indicate whether the statement is true or false
Economics