Retained earnings is income that
a. households retain after paying taxes.
b. businesses retain after paying taxes.
c. corporations have earned but have not used to invest in plant, equipment, and inventories.
d. corporations have earned but have not paid out to their owners.
d
Economics
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What is the per capita income of Genovia if its gross domestic product is $4,000,000 and total population is 20,000?
A) $120 B) $200 C) $400 D) $100
Economics
Consider a textile factory operating in the short run. Classify the following costs that the firm incurs as variable costs, sunk costs, and fixed costs
a) Cost of issuing identity cards to all workers b) Wages paid to workers of the factory c) Yearly rent paid for production space d) Tax paid on the sale of its products
Economics