Which of the following would not be included in aggregate expenditures?
A. New computers purchased by a law firm
B. Tuition payments made by college students.
C. Social security payments made by the government to retirees
D. New military equipment purchased by the federal government
Answer: C
Economics
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The Apple iPhone is sold in a box labeled "Made in China," but a study by economists at the Asian Development Bank found that the actual percentage of the price of the iPhone accounted for by the only work done in China, which is assembly, is
A) 4 percent. B) 12 percent. C) 25 percent. D) 65 percent.
Economics
In 2013, the top 10% of wealth holders owned ________ of the nation's wealth.
A. 25.5% B. 54.5% C. 75.3% D. 92.9%
Economics