Solved

(Table: Sales and Payments) Suppose That the Price of the Manufactured

Question 65

Multiple Choice

(Table: Sales and Payments) Suppose that the price of the manufactured good rises by 20% with no change in the price of the agricultural good. Wages in both sectors rise by 10%. What is the new value of the payment to capital? (Table: Sales and Payments)  Suppose that the price of the manufactured good rises by 20% with no change in the price of the agricultural good. Wages in both sectors rise by 10%. What is the new value of the payment to capital?   A)  $700 B)  $650 C)  $600 D)  $500


A) $700
B) $650
C) $600
D) $500

Correct Answer:

verifed

Verified

Unlock this answer now
Get Access to more Verified Answers free of charge

Related Questions