The marginal benefit of an action:
A. equals the additional benefit produced by extra units of X and tends to decrease as X increases.
B. equals the additional benefit produced by the total units of X and tends to increase as X increases.
C. equals the additional benefit produced by the total units of X and tends to decrease as X increases.
D. equals the additional benefit produced by extra units of X and tends to increase as X increases.
A. equals the additional benefit produced by extra units of X and tends to decrease as X increases.
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Leakages are greater than injections when total planned expenditures exceed real GDP
a. True b. False Indicate whether the statement is true or false
Suppose there are 81.0 million people not in the labor force, 154.0 million in the civilian labor force, and 140.9 million employed. Based on these numbers, what is the unemployment rate?
A. 5.5 percent B. 8.5 percent C. 9.3 percent D. 13.1 percent