Which national income account should be examined to discover trends in the after-tax income that people have to save and spend?
a. Gross domestic product (GDP).
b. Personal income (PI).
c. National income (NI).
d. Disposable personal income (DI).
d
Economics
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What is measured on the horizontal axis of the aggregate demand/aggregate supply model?
A) real wealth B) real Gross Domestic Product (GDP) C) prices D) nominal income
Economics
In the above figure, an innovation that increases the demand for high-skilled workers and decreases the demand for low-skilled workers will
A) reduce the amount by which WH exceeds WL. B) increase the amount by which WH exceeds WL. C) shift the SH curve leftward. D) shift the SL curve rightward.
Economics