Prin of Macro Economics Section 02 Fall 2017 CO eText Content Library Assessment

Question

Prin of Macro Economics Section 02 Fall 2017 CO eText Content Library Assessments Communication ECON210S HYBRID QUIz 1 Quiz e Left: 0:24:43Deanthony Valdez: Attempt 1 Question 6 (1 point) The sum of the unemployment rate and the employment rate always equals 100 percent. O True O False Save Question 7 (1 point) In the calculation of national income, dividends paid to stockholders are part of compensation of employees. proprietors' income. rental income. net interest. corporate profits. Save Question 8 (1 point) Exhibit 6-2

Explanation / Answer

6. false

it is because,

Un= total people unemployed / total labour force ×100%

but, N = total people employed / total population ×100%

so both have different denominator so they cant add up to 100%

N= rate of employment. Un= rate of unemployment

7. answer is.... corporate profit

In calculation of national income by income method, we have different components , one such component is corporate profit.

it is income to owner of corporate & subdivided into

corporate income tax

dividends

retained earning.

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