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Author Question: Total income in an economy is equal to A) the sum of wages, interest, rent, and profit. B) firm ... (Read 120 times)

altibaby

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on: Jun 29, 2018
Total income in an economy is equal to
 
  A) the sum of wages, interest, rent, and profit. B) firm revenues.
  C) GDP minus net exports. D) income minus taxes.

Question 2

You lend 5,000 to a friend for one year at a nominal interest rate of 10. Inflation during that year is 5. As a result, you will receive ________ at the end of the year, but that money has a purchasing power of ________.
 
  A) 5,050; 5,025 B) 5,100; 5,050 C) 6,000; 5,500 D) 5,500; 5,250


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Li Jun

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Reply #1 on: Jun 29, 2018
Answer to Question 1

A

Answer to Question 2

D


altibaby

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Reply 2 on: Jun 29, 2018
Wow, this really help

kswal303

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Reply 3 on: Yesterday
Thanks for the timely response, appreciate it

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