Which of the following correctly orders U.S. income measures from largest to smallest?
a. disposable personal income, gross national product, national income, net national product, personal income
b. personal income, net national product, national income, gross national product, disposable personal income
c. gross national product, net national product, national income, personal income, disposable personal income
d. disposable personal income, personal income, national income, net national product, gross national product
c
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In the above figure, when the economy is in a long-run equilibrium, the price level will be
A) 90. B) 100. C) 110. D) 120.
In the years ahead we can expect the F/M earnings ratio to
a. remain constant. b. continue to increase. c. continue to increase until 2020, when the 'baby boom" generation retires" and then level off. d. decline.