In the circular flow diagram what are the three types of payments from firms to factors of production? Is the sum of these payments greater than, less than, or equal to GDP?

Assume that the dollar price of a basket of goods in the U.S. is $4 and the Indian price for the same basket is 200 rupees. On the other hand, the dollar price of the Indian basket is $20

Given this information, the Indian price for the Indian basket will be: A) $1,200. B) $1,000. C) $200. D) $5.

A competitive firm sells 100 units of output for $5 per unit. The firm's marginal revenue amounts to __________

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