When we express Babe Ruth's 1931 salary in today's dollars and compare his salary to those of current New York Yankee players, we find that the current median salary of today's Yankees is
a. about three quarters of Ruth's salary.
b. about the same as Ruth's salary.
c. about twice Ruth's salary.
d. more than four times Ruth's salary.
d
Economics
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What are consumption taxes, and what is an example of a consumption tax?
What will be an ideal response?
Economics
Output per worker is 50, the saving rate is 15 percent, the population is growing at one percent, depreciation is 9 percent, and the capital-labor ratio is 80. Consumption per worker is ________
A) 37.5 B) falling C) 75 D) 68
Economics