In economics, an organization that produces a good or service is called a

A) business. B) firm.
C) company. D) All of the above are correct.

D

Economics

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The bulk of federal receipts come from

A) property taxes and personal income tax. B) personal income tax and from payroll taxes. C) corporate income taxes and personal income tax. D) personal income tax and property taxes.

Economics

Which of the following would not be counted in 2016's GDP?

A. the commissions earned by a real estate agent in selling condominiums built prior to 2016 B. the 2016 salary of a used motorcycle salesperson C. the value of a refrigerator manufactured in 2016 but not sold in 2016 D. the value of a 2008 boat you purchased from a boat dealer in 2016

Economics