Define gross incomes?

Q: Which of the following income distributions represents the most equal distribution of income?

A: Income distribution refers to the way in which income is distributed among individuals or households…

Q: Calculate domestic income when national income is $23,000 and net factor income from abroad is $6600

A: The data presented in the question above is:- National income = $23,000  Net factor income from…

Q: 3. The classical dichotomy and the neutrality of money The classical dichotomy is the separation of…

A: The real price of puzzle book in 2015 = how many latte they have to sacrifice to get one additional…

Q: What is net factor income from Abroad(NIFA).

A: When calculating the national income, there are various activities included in the GDP when using…

Q: How is the producer price index calculated?

A: The producer price index is the measure of the average prices that are received by the producers of…

Q: Identify some reasons why household incomes differ. Which factors are the most important?

A: There are various factors that affect the income of households such as:

Q: What is the labor force participation rate?

A: Labour force participation rate can be defined as the working population section in the group of…

Q: what is net and gross demands

A: We assume: The income of a consumer is given  Endowment goods: These are how much a consumer has of…

Q: A friend of yours explains that the unemployment rate for Stockton City, NJ has been declining for…

A: Labour force is group of people who are either working or looking for work but couldn't find a job.…

Q: Raka has 80 hours per week that she can allocate to work or leisure. Her job pays a wage rate of $20…

A: The microeconomic theory of utility maximisation can also be applied in determination of optimal…

Q: explain how gross product is calculates using the income approach

A: Gross domestic product is sum of value of all the goods and services that are produced in a country…

Q: State the three main components of the domestic factor income. Fast

A: According to the given question In simple words we can say that a domestic factor income also name…

Q: In china, for 2019 the net factor income from abroad is $31000 and NDPFC is $9000 Calculate…

A: The information being given is:- Net factor income from abroad in 2019 = $31,000 NDPFC In 2019 =…

Q: Are economic inequality and national income related? Explain

A: Economic inequality refers to the situation where the economic factors are unequally distributed…

Q: Define gross national income (GNI)?

A: There are many factors to measure the economic growth and development of a country. Gross national…

Q: Barry can work 3120 hours in a (non-leap) year. He has the opportunity to work for $20 per hour.…

A: Since the question you have posted consists of multiple parts, we will answer the first three parts…

Q: List some reasons why household income differ. Which factor is the most important

A: Household Income The overall gross income of all people who live in the same house is referred to as…

Q: Describe the concept poverty line in detail

A: Poverty is an economic state of being in which an individual experiences a dearth of resources to…

Q: What is poverty and why do we need to measure poverty in the country?

A: Since wealth and income are not distributed equally throughout the economy, inequality is an issue.…

Q: Define the term median income?

A: The amount of income that divides a population into two different equal groups, half having an…

Q: Discuss alternatives approaches to measure welfare!

A: The study of how resource and good distribution affects social welfare is known as welfare…

Q: What is meant by factor Income to abroad? State it's components

A: The non residents provides factor services of which they are paid for. This represents the outflow…

Q: Differentiate size distribution and functional distribution of income.

A: Under economics, an important concern is distribution of income as it results in inequality. To…

Q: R millions Consumption Expenditure 138 Investment expenditure 98

A: National revenue refers to the amount of goods and services produced by a country in a financial…

Q: Why are the services of house wives not included in national income?

A: In macroeconomics, national income is a very simple definition of how much production our economy…

Q: Find domestic income if nation income is $4600 and NFIA is $5400?

A: According to question we are given that  National income = $4600 NFIA=$5400 domestic income has to…