National income is derived from gross domestic product by
A) adding personal income and transfer payments to gross domestic product.
B) subtracting depreciation from gross domestic product.
C) subtracting retained earnings from gross domestic product.
D) adding personal taxes and depreciation to gross domestic product.
B
Economics
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In the figure above, what is the consumer surplus per day?
A) $100,000 B) $50,000 C) $125,000 D) $150,000 E) zero
Economics
When Acme Inc produces a certain amount of output by using the least amount of inputs, Acme Inc definitely
A) maximizes profits. B) minimizes labor costs. C) achieves technological efficiency. D) achieves economic efficiency.
Economics