Which of the following is an example of an injection into the circular flow of income and expenditure?
a. Net taxes
b. Saving
c. Transfer payments
d. Government borrowing
e. Disposable income
c
Economics
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The practice of setting price by increasing the average costs of production by some percentage is referred to as:
A) average cost pricing. B) percentage pricing. C) rate-of-return pricing. D) markup pricing.
Economics
Suppose the market basket consists of 100X, 200Y, and 300Z. Current-year prices are $5 for each unit of X, $2 for each unit of Y, and $3 for each unit of Z. Base-year prices are $2 for each unit of X, Y, and Z. What is the approximate CPI in the current year?
A) 15 B) 70.20 C) 1,200 D) 150
Economics