1. Facts and myths about the U.S. economy Which of the following are facts about the U.S. economy? Check all that apply. O The standard of living in the United States (as measured by real GDP per person) is higher now than it was 50 years ago. O Americans are among the most heavily taxed people in the world. O Business profits account for roughly one-third of the price Americans pay for typical goods and services. O Chinese imports account for less than 20% of all imports into the United States

1. Facts and myths about the U.S. economy Which of the following are facts about the U.S. economy? Check all that apply. O The standard of living in the United States (as measured by real GDP per person) is higher now than it was 50 years ago. O Americans are among the most heavily taxed people in the world. O Business profits account for roughly one-third of the price Americans pay for typical goods and services. O Chinese imports account for less than 20% of all imports into the United States

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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