Real per capita GDP in the United States in 2012 was approximately:

Transactions costs are the

A) costs of using the Coase theorem. B) opportunity costs of conducting a transaction. C) external marginal costs of the externality. D) reason why taxes cannot affect the inefficiency resulting from an external cost. E) external costs when a firm pollutes.

The largest component of income is proprietors' income

Indicate whether the statement is true or false