The difference between a capital good and a consumer good depends on
a. the purpose for which it is used.
b. how it was produced.
c. when it was produced.
d. how quickly it is used up.
a. the purpose for which it is used.
Economics
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The above table shows the distribution of wealth and income in Miseria. With respect to income, the richest twenty percent of the population earn
A) 90 percent of the income. B) 11 times as much as the poorest twenty percent. C) 9 times as much as the poorest twenty percent. D) just as much as the second richest twenty percent.
Economics
Nominal GDP is another term for
A) real GDP. B) inflation-adjusted GDP. C) constant-dollar GDP. D) current-dollar GDP.
Economics