Which statement is true? a) Profits are about one-quarter of GDP. b) Profits are about 1 percent

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Which statement is true?

a) Profits are about one-quarter of GDP.

b) Profits are about 1 percent of GDP.

c) Accounting profits are larger than economic profits.

d) None of the above.

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Microeconomics

ISBN: 9780077641542

11th Edition

Authors: Stephen Slavin

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Question Posted: Mar 01, 2024 11:00 PM

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Which statement is true? a) Profits are about one-quarter of GDP. b) Profits are about 1 percent

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While the answer choices dont provide a definitive percentage statement d None of the above is close...View the full answer

Microeconomics

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