The total income of capital and labor must equal the value of total:
A) production.
B) profits.
C) revenue.
D) investment.
Correct Answer:
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Q102: GDP can be measured as each of
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Q104: Wages and salaries are examples of:
A)consumption.
B)labor income.
C)capital
Q105: Three equivalent ways to measure GDP are
Q106: A measure of GDP in which quantities
Q108: An economy produces 500,000 tables valued at
Q109: Labor income in the U.S. equals approximately
Q110: The following provides data for an economy
Q111: Capital income in the U.S. equals approximately
Q112: Labor income includes:
A)wages, salaries, and earnings of
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