Question
The economy's disposable income (DI) is equal to the economy's real GDP with three assumptions: (1) no capital depreciation; (2) government balanced budgets; and (3)
The economy's disposable income (DI) is equal to the economy's real GDP with three assumptions: (1) no capital depreciation; (2) government balanced budgets; and (3) _____________________________.
a.
no taxes
b.
no business saving (retained earnings)
c.
no foreign taxes
d.
no interest earnings
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Economics of Money Banking and Financial Markets
Authors: Frederic S. Mishkin
12th edition
134733821, 134733827, 9780134734507 , 978-0134733821
