Exam 2: The Usand Global Economies

The personal distribution of income shows

Which of the following is a consumption good or service?

________ paid for the use of land;________ paid for the services of labor;and ________ paid for the use of capital.

Computers and insurance coverage produced in the United States and sold to people in other nations are categorized as

The data show that more than 60 percent of the total income earned in the United States goes to

Nigeria would be classified by the International Monetary Fund as

________ economies include ________.

When the total U.S.production of goods and services is divided into consumption goods and services,capital goods,government goods and services,and export goods and services,the largest component is

Which factor of production does human capital enhance? I.land Ii.labor Iii.capital

The figure above shows the circular flow model. -In the figure above,which of the following represents a real flow?

Which of the following statements is true?

The productive resource that organizes labor,land,and capital is

Which of the following is NOT considered an example of a capital good?

Which of the following is NOT classified as an advanced economy?

Among the United States,Canada,Russia,India,and the United Kingdom,the country with the highest average income per person is

Which of following groups of countries are all advanced economies?

Which of the following is NOT considered a consumption good?

Of the following,the country with the highest average income per day in the world is

The two biggest items of the U.S.federal government revenue that together account for over approximately 80 percent of total federal government revenue are

Property taxes are a major source of revenue for