Exam 17: Rent Interest and Profit

Currently capitalist income,that is,corporate profits,interest,and rent,accounts for about what percentage of the income paid to American resource suppliers?

Other things equal,interest rates are:

If labor's share of the income paid to American resource suppliers is broadly defined as the sum of wages and salaries and proprietors' income,we can say that labor's relative share has:

Other things equal,an increase in the equilibrium interest rate will:

Some economists advocate taxes on land because such taxes:

The demand for land is:

If Kelly deposits $10,000 into an account that pays 8 percent interest,compounded annually,and she makes no further deposits or withdrawals,how much will Kelly have in her account at the end of 5 years?

Economic profit affects:

A normal profit is:

In year 1 the price level is constant and the nominal rate of interest is 6 percent.But in year 2 the inflation rate is 3 percent.If the real rate of interest is to remain at the same level in year 2 as it was in year 1,then in year 2 the nominal interest rate must:

Rent performs an incentive function,but no rationing function.

(Last Word)Suppose you deposit $5,000 in a bank that pays 10 percent interest compounded twice a year.The actual annual interest rate you receive is:

Which of the following generalizations is false? Other things equal:

The real rate of interest is the interest rate:

In his book Progress and Poverty,Henry George argued that:

Effective usury laws cause:

Critics of a single tax on land oppose the idea because:

Henry George advocated a single tax on:

Which of the following is correct?

To say that land rent performs no incentive function means that: