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Which of the following is not a component of the aggregate demand curve:a. Government spendingb. Investment c. consumptiond. saving

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According to research by Rafael La Porta of Tuck School of Business at Dartmouth and Andrei Shleifer of Harvard​ University, in developing​ countries, the average firm in the informal​ sector, or underground​ economy, employs 4 workers as opposed to 126 workers employed by the average firm in the formal sector.​Sources: Rafael La Porta and Andrei​ Shleifer, "Informality and​ Development," Journal of Economic Perspectives​, Vol.​ 28, No.​ 3, Summer​ 2014, pp.​ 109-126.What is the informal​ sector, or underground​ economy?A.This is the part of the economy where production is heavily taxed by the government.B.This is the part of the economy characterized by the pollution and other negative externalities its production creates.C.The informal​ sector, or underground​ economy, is when production occurs in other countries.D.The informal sector is the sector of the economy where production is concealed from the government.

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.

If prices rise over​ time, then real GDP will beA.larger than nominal GDP in years after the base year.B.larger than nominal GDP in years before the base year.C.smaller than nominal GDP in the base year.D.smaller than nominal GDP in years before the base year.

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