Labor cost on an average accounts for about _____ percent of the total cost of production
a. 10
b. 30
c. 50
d. 70
e. 98
d
Economics
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The above table gives real GDP and the aggregate expenditure schedule. When real GDP is $10 billion, the amount of unplanned investment is
A) $0.5 billion. B) -$20.5 billion. C) -$0.5 billion. D) $20.5 billion. E) unknown.
Economics
In the term "real GDP," what does "GDP" stand for and what does it measure? What does "real" indicate?
What will be an ideal response?
Economics