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Author Question: If Xavier gives up a job in which he earns 23,000 per year in order to go to college full time, his ... (Read 115 times)

jwb375

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on: Jun 30, 2018
If Xavier gives up a job in which he earns 23,000 per year in order to go to college full time, his foregone income is part of the opportunity cost of going to college.
 a. True
  b. False
  Indicate whether the statement is true or false

Question 2

Government purchases, under the expenditure approach to GDP accounting, includes all of the following except:
 a. welfare payments.
 b. salaries of senators.
 c. fighter jets purchased by the government.
  d. the military payroll.


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mammy1697

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

True

Answer to Question 2

a


jwb375

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Reply #2 on: Jun 30, 2018
Thank you :)


mammy1697

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Reply #3 on: Jun 30, 2018
Happy to help you


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