The five categories of income used in the income approach to the measurement of GDP are
A) consumption, saving, rental income, corporate profits, and investment.
B) employee compensation, net interest, rental income, corporate profits, and proprietor's income.
C) employee compensation, consumption, rental income, corporate profits, and proprietor's income.
D) employee compensation, saving, rental income, corporate profits, and investment.
B
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Tariff revenue is an important source of operating revenue for many governments of high income countries
Indicate whether the statement is true or false
Which of the following will increase the marginal product of labor in the labor market?
a. An increase in the price level and the money wage. b. An increase in the real wage. c. A decrease in the capital stock. d. An increase in the supply of labor.