Business, 16.10.2020 20:01 claupatri120
20. Which one of the following statements about national income is correct?
O A. National income is the income earned by US resource suppliers plus taxes on production and imports.
O B. National income is the market value of the annual output net of consumption of fixed capital.
C. National income is the income received by households less personal taxes,
D. National income is the before-tax income received by households.
Answers: 2
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Resource x is necessary to the production of good y. if the price of resource x rises, the curve for good y will shift resulting in a(n) in the equilibrium price of y and a(n) in the equilibrium quantity of y. a. supply; leftward; increase; increase b. demand; leftward; decrease; decrease c. supply; rightward; decrease; increase. d. demand; rightward; increase; increase e. supply; leftward; increase; decrease
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20. Which one of the following statements about national income is correct?
O A. National income is...