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Author Question: Discuss how economists calculate NI, PI and DI.[br][br][b][color=#566D7E]Question ... (Read 58 times)

naturalchemist

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on: Jun 30, 2018
Discuss how economists calculate NI, PI and DI.

Question 2

Along the Keynesian range of the aggregate supply curve, an increase in the aggregate demand curve will increase:
 a. both the price level and real GDP.
  b. only real GDP.
  c. only the price level.
  d. real GDP and reduce the price level.


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lolol

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Reply #1 on: Jun 30, 2018
Answer to Question 1

GDP  depreciation = NI  profits  FICA + transfer payments + net interest + dividends = PI  personal income taxes = DI.

Answer to Question 2

b


naturalchemist

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Reply 2 on: Jun 30, 2018
YES! Correct, THANKS for helping me on my review

kthug

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

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