Author Question: Discuss how economists calculate NI, PI and DI.[br][br][b][color=#566D7E]Question ... (Read 65 times)

naturalchemist · **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.

lolol · **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