Refer to Table 19-30. Based on the table above, what is personal income for this economy?
A) $1,950 billion B) $2,030 billion C) $2,450 billion D) $5,130 billion
B
Economics
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If the CPI is 170 at the beginning of the year and 181 at the end, and a bank is paying a nominal interest rate of 6 percent, we see that
A) the real interest rate is positive and is less than 1 percent. B) the interest nominal rate is negative. C) the real interest rate is negative. D) the real interest rate is positive and is larger than 1 percent. E) the real interest rate is equal to zero.
Economics
The marginal cost of a good is
a. lower for competitive firms than for monopolists. b. the cost of an additional unit. c. equal to fixed cost at high output levels. d. equal to variable cost when the firm is maximizing profit.
Economics