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Author Question: The sum of payments made to resource owners for the use of their resources is: a. gross domestic ... (Read 141 times)

@Brianna17

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on: Jun 30, 2018
The sum of payments made to resource owners for the use of their resources is:
 a. gross domestic product.
  b. net domestic product.
  c. national income.
  d. personal income.
  e. disposable personal income.

Question 2

The interest rate effect predicts that higher prices:
 a. make it more expensive to borrow, leading to higher interest rates and less investment.
  b. make people worse off by reducing the value of their wealth, leading them to save more and spend less.
  c. decrease borrowing, leading to higher interest rates and less investment.
  d. decrease borrowing, leading to lower interest rates and more investment.
  e. increase borrowing, leading to higher interest rates and less investment.


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akemokai

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

c

Answer to Question 2

e


@Brianna17

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Reply #2 on: Jun 30, 2018
Thank you


akemokai

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Reply #3 on: Jun 30, 2018
No problemo


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