An increase in the real wage rate ________ the quantity of labor ...

[RODY.ELKHALIL]

An increase in the real wage rate ________ the quantity of labor demanded and ________ the quantity of labor supplied.
 
  A) decreases; increases
  B) increases; increases
  C) decreases; decreases
  D) increases; decreases
  E) does not change; does not change

Question 2

According to the income approach to measuring GDP, the largest income category is
 
  A) profits.
  B) rent.
  C) wages.
  D) consumption expenditure.
  E) interest.

[stallen]

Answer to Question 1

A

Answer to Question 2

C

[RODY.ELKHALIL]

Great answer, keep it coming

[tandmlomax84]

Thanks for the timely response, appreciate it