The total amount of income earned by U.S. resource suppliers in a year, plus taxes on production and imports, is measured by:
a) gross domestic product.
b) national income.
c) personal income.
d) disposable income.
b) national income.
Economics
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Given the information in the table above. What is the opportunity cost of Cloth in terms of Widgets in Foreign?
What will be an ideal response?
Economics
Which of the following would lead to a rightward movement along a stationary money demand curve?
a. A decrease in the interest rate b. A decrease in the price level c. An increase in the interest rate d. An increase in the price level e. An increase in real income
Economics