Refer to the figure above. If the capital stock is fixed at $300, what is the GDP in the economy?
A) $7,000 B) $6,000 C) $5,000 D) $4,000
B
Economics
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Consider the country of Inland. In Inland, people's average tax rates decrease with the level of income. Inland has a ________ tax structure
A) progressive B) regressive C) proportional D) flat-rate
Economics
The age-earnings profile for most people indicates
A) earnings rise continually until a person retires. B) earnings initially decline and then rise continually until retirement. C) that when you adjust for inflation, earnings are constant throughout the entire workplace experience. D) earnings rise until the age of about 50 and then begin to fall until retirement.
Economics