Personal income represents what households actually receive as income, while personal disposable income nets out of personal income taxes paid to federal, state, and local governments
Indicate whether the statement is true or false
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Economics
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In calculating the unemployment rate, part-time workers over the age of 16 are counted as
A) not in the labor force. B) employed if they are part-time workers for noneconomic reasons and unemployed if they are involuntary part-time workers. C) not in the working-age population. D) unemployed. E) employed.
Economics
Which of the following will not hold true for a competitive firm in long-run equilibrium?
A. P equals AFC. B. P equals minimum ATC. C. MC equals minimum ATC. D. P equals MC.
Economics