The CPI in the base year is always equal to 100
Indicate whether the statement is true or false
True
Economics
You might also like to view...
Labor's share of national income is equal to ________
A) 1 - b B) WN/PY C) (W/P)/(Y/N) D) All of the above
Economics
Marginal product:
A. diminishes at all levels of production. B. may initially increase, then diminish, but never become negative. C. may initially increase, then diminish, and ultimately become negative. D. is always less than average product.
Economics