According to the income approach to measuring GDP, the largest income category is
A) profits.
B) rent.
C) wages.
D) consumption expenditure.
E) interest.
C
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Which of the following is NOT a criticism that has been leveled at the World Bank?
A) Since 1990, the World Bank has loaned mostly to African countries, to the detriment of nations in other parts of the world. B) Too many loans go to nations capable of privately financing their projects. C) Some countries receiving World Bank loans are net lenders of funds to other nations and so should not be receiving World Bank funds. D) Despite receiving loans from the World Bank, economic growth in many client nations has been disappointing.
The figure above provides information about Light-U-Up Utilities, which is a natural monopoly that provides electricity. At the unregulated price and quantity, Light-U-Up's economic profit is equal to
A) -$10. B) $10. C) $40. D) $60.