Households receive a total income of 5 million. Of this, 3.5 ...

[Tazate]

Households receive a total income of 5 million. Of this, 3.5 million are wages received for labor services, 1 million are rental payments, and 250,000 are interest payments received.
 
  What are the costs of production and profits equal to respectively?
  A) 4.75 million; 0 B) 5 million; 250,000
  C) 4.75 million; 250,000 D) 5 million; 500,000

Question 2

In a small country, the adult population is 10,000. In that country, 7,000 people are in the labor force and 6,300 people are employed. The unemployment rate equals
 
  A) 0.63 percent.
  B) 7 percent.
  C) 10 percent.
  D) an undetermined amount given the lack of information.

[cswans24]

Answer to Question 1

B

Answer to Question 2

C

[Tazate]

Excellent

[rleezy04]

TYSM