More than 70 percent of national income is attributed to
a. compensation of employees
b. rental income
c. corporate profit
d. net interest
e. proprietors' income
A
Economics
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Economic growth can be defined as a percentage increase in
A) per capita real GDP. B) nominal GDP. C) consumption by households. D) real GDP.
Economics
If an individual's utility function is quasi-concave, his or her MRS will:
a. diminish as x is substituted for y. b. increase as x is substituted for y. c. be undefined except in special cases. d. always depend only on the ratio of x to y.
Economics