Compensation of employees is the largest component of GDP when using the expenditure approach to calculate GDP

Indicate whether the statement is true or false

False

Economics

You might also like to view...

The monopolist's marginal revenue curve lies below the demand curve because

a. the monopoly is not an efficient producer b. as the monopolist increases output, the price falls c. there is no account of implicit costs d. the monopolist's demand curve is the market demand e. the monopolist can charge the highest price possible

Economics

If autonomous consumption rises, the TE curve shifts __________, the marginal propensity to consume __________, and the TP curve __________

A) upward; rises; shifts downward B) upward; remains unchanged; remains unchanged C) downward; rises; remains unchanged D) upward; remains unchanged; shifts downward E) none of the above

Economics