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

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

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

Edition: 12^th

Authors: Case, Fair, Oster

Read 100 times

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