One In the News article titled, "News Release: Disposable Income and Outlays: February 2017" says that personal income increased $44 billion, or 0.31 percent, in February 2017, and consumers are likely to spend more if
A. Interest rates increase.
B. Taxes increase.
C. Saving increases.
D. Income increases.
Answer: D
Economics
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If you mow the lawn yourself, the lawn mowing is considered household production. If you pay Larry's Lawn Service to mow your lawn, the lawn mowing is considered
A) a leisure time activity. B) a service, that will be counted as part of GDP. C) a service, but is not counted as part of GDP because it simply replaces a service you used to perform. D) rent, and therefore is counted as part of GDP. E) underground production because it replaces the underground production of you mowing your lawn.
Economics
Refer to Table 21-2. Using the table above, what is the approximate average annual growth rate from 2013 to 2016?
A) -1% B) 1% C) 2% D) 4%
Economics