Describe the Functional distribution of income
Describe the Functional distribution of income?
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1. Wages and salaries are 70 percent of total.
2. Income of Proprietor is under 10 percent of total that the income to self employed business owners, doctors, lawyers, etc. This is a combination of wage and profit income.
3. Less than one-fifth of total of Corporation profits, Capitalist income, interest, rent. (Note: rent may be negative because of the depreciation charged against rental income.)
“Prices are the automatic regulator that tends to keep production and consumption in line with each other.” Explain.
What are the major provisions of GATT
Which of the given describes a condition in which a good or service is produced at the lowest probable cost: w) productive efficiency. x) allocative efficiency. y) marginal efficiency. z) profit maximization Please
Who owns the factors of production and the method used to coordinate economic activity?
Give a brief introduction of the term combined leverage? And in what manner it is calculated?
Question The Current Account captures international fund flows due to net income on (past) investments, net transfers, and i._______________________________, general
Illustrate Rational Behaviour of Economic Perspective?
Assume that the equilibrium price within a perfectly competitive industry is $15 and a firm into the industry charges $21 there. Which of the given will occur: w) the firm's profits will rise. x) The firm's revenue will rise. y) The firm will not sell
Illustrate Market Equilibrium of Supply and Demand?
Q X= 600- 6PX + 20I +0.4PY c. Suppose PX increases by 10%, by what percentage would sales decrease? Explain how this price increase affect total revenues from good X.
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