Economic development is defined as
Positive change plus growth
Avalibility of more goods and services
Outward shift of the production possibility curve
Growth in the national income
Correct answer is D
No explanation has been provided for this answer.
For the improvement of the welfare of a people, a high production level is not enough because
The have-nots deserve more than a fair share
Equitable distribution is necessary
Production efficiency is vital
Savings in the country must be guaranteed at more than 50 percent of income earned
Correct answer is B
No explanation has been provided for this answer.
Is total unemployment minus structural unemployment
Occurs when the unemployed are persons with specific training
Occurs when the number of job seekers exceeds the number of vacancies
Occurs when people are changing jobs
Correct answer is D
No explanation has been provided for this answer.
The difference between personal income and personal disposal income is
Personal income tax
Investment income
Personal savings
Consumption expenditure
Correct answer is A
No explanation has been provided for this answer.
Capital consumption allowance refers to
Personal consumption expenditure
Indirect business taxes
Depreciation of capital equipment
Expenditure on capital equipment
Correct answer is C
No explanation has been provided for this answer.