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b. The effect of labor unions on overall unemployment is _______ since only a _______ percentage of the labor force outside the government is unionized.

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Division of IncomeBillionsof dollarsWages$10,870Interest787Rent760Profit3,357Profit of sole proprietors1,579Profit of corporations1,778​Taxes, depreciation and statistical discrepancy4,783The image is a pie chart that shows the division of Gross domestic Product (GDP), measured in terms of income, into its different components: wages, interest, rent, profits of sole proprietors and corporations, and taxes. Wages account for about 54 percent, and taxes account for 23 percent of GDP. Profits of corporations account for 9 percent, and profits of sole proprietors account for 8 percent of GDP. Interest accounts for 4 percent, and rent accounts for 4 percent of GDP.Wages 53%Interest 4%Rent 4%Profits of sole proprietors 8%Profits of corporations 9%Taxes etc 23%The table and figure show GDP measured in terms of the total income received by households. Use the table and figure to help determine which of the following statements about the division of income is false.A.The largest component of income received by households is wages.B.Wages are slightly more than three times as large as the profits received by sole proprietors and the profits received by corporations combined.C.Profits include the profits of sole proprietorships and profits of corporations.D.Gross domestic income is measured precisely.

An article in the Economist states that​ "the appeal of GDP is that it​ offers, or seems​ to, a summary statistic of how well an economy is​ doing."​Source:​ "The Euro-Area​ Economy: Speeding​ Up," Economist​, May​ 6, 2017.In what sense does GDP offer a summary statistic of how well an economy is​ doing?A.GDP can measure happiness among citizens—that ​is, the more goods an economy​ produces, the happier its people are—thus indicating​ well-being.B.Since GDP accounts for​ crime, pollution, and other social​ problems, it can be used as a rough measure of​ well-being.C.Since GDP measures how much an economy produces during a period of​ time, it may also indicate​ well-being.D.GDP is able to provide a summary of the goods and services consumed by a typical​ person, thus indicating​ well-being.

Which of the following will most likely cause an increase in real output in the long run?

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