The income that people receive is called:
a. national income.
b. personal income.
c. disposable personal income.
d. transfer payments.
b
Economics
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Labor productivity measures
A) the growth of real output. B) real output per labor hour. C) the growth in the quantity of labor. D) the growth of per capita real GDP.
Economics
"All else constant, consumers will purchase more of a good as the price falls." This statement reflects the behavior underlying:
A. a change in demand. B. the demand curve. C. the supply curve. D. a change in supply.
Economics