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asjstr asjstr
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Posts: 465
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5 years ago

Question 1.

During 2016, Victorʹs consumption equals $30,000 and the change in his net worth is -$5,000. Victorʹs economic income for 2013 is



▸ $5,000.

▸ $25,000.

▸ $30,000.

▸ $35,000.

Question 2.

Your employer pays for your cell phone. The monetary value of this cell phone payment is



▸ included in your economic income, but not your money income.

▸ not included in your economic income, but included in your money income.

▸ not included in either economic income or money income.

▸ included in both economic and money income.
Textbook 
Principles of Economics

Principles of Economics


Edition: 12th
Authors:
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Answer verified by a subject expert
Cass S.Cass S.
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Posts: 390
5 years ago
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asjstr Author
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5 years ago
Thanks
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