The Bureau of Labor Statistics (BLS) includes discouraged workers in its measure of the labor force

Economic costs of production differ from accounting costs in that

A) economic costs include expenditures for hired resources while accounting costs do not. B) accounting costs are always larger than economic cost. C) accounting costs include expenditures for hired resources while economic costs do not. D) economic costs add the opportunity costs of a firm using its own resources while accounting costs do not.

A worker received $5 for a daily wage in 1930 . What is the value of that wage today if the CPI was 17 in 1930 and is 230 today?

a. 37 cents b. $4.63 c. $67.65 d. $37.86