Profits are part of the
A) factor services. B) monetary value of output.
C) final consumer goods. D) total income.
D
You might also like to view...
Consider an economy where the growth rate of money supply is 2% and the inflation rate is 2%. If the quantity theory of money holds, the growth rate of real GDP in the economy will be:
A) 2%. B) 4%. C) 1%. D) 0%.
Which of the following correctly describes the marginal rate of return on capital?
a. The marginal rate of return equals the marginal product of capital multiplied by the marginal revenue product of capital. b. The marginal resource cost of capital expressed as a percentage of its marginal revenue product. c. The marginal revenue product of capital expressed as a percentage of its marginal cost. d. The marginal rate of return equals the marginal product of capital added to the marginal revenue product of capital.