This topic contains a solution. Click here to go to the answer

Author Question: Aggregate income equals: a. the sum of income earned by all laborers in the world economy. b. the ... (Read 188 times)

Pineappleeh

  • Hero Member
  • *****
  • Posts: 585
Aggregate income equals:
 a. the sum of income earned by all laborers in the world economy.
 b. the sum of income earned by all workers in the private sector.
 c. the sum of the income earned by all the resource suppliers in an economy.
  d. the total income of all employees after payment of income tax.
 e. the total income of all employees after purchases of necessities.

Question 2

If product price decreases, then:
 a. MP will increase.
  b. MFC will increase.
  c. MRP will increase.
  d. MRP will decrease.



Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

elyse44

  • Sr. Member
  • ****
  • Posts: 319
Answer to Question 1

c

Answer to Question 2

d





 

Did you know?

Children of people with alcoholism are more inclined to drink alcohol or use hard drugs. In fact, they are 400 times more likely to use hard drugs than those who do not have a family history of alcohol addiction.

Did you know?

The people with the highest levels of LDL are Mexican American males and non-Hispanic black females.

Did you know?

Bacteria have flourished on the earth for over three billion years. They were the first life forms on the planet.

Did you know?

In the United States, an estimated 50 million unnecessary antibiotics are prescribed for viral respiratory infections.

Did you know?

As of mid-2016, 18.2 million people were receiving advanced retroviral therapy (ART) worldwide. This represents between 43–50% of the 34–39.8 million people living with HIV.

For a complete list of videos, visit our video library