Business, 25.02.2020 16:57 lalanduni

Indicate whether the following statement is correct or incorrect. "Corporate profits are much too high: Most corporations make profits equal to 50 percent of the price of the products they sell."

A. Correct : The largest component of gross domestic income is corporate profit, which is about twice as large as wages.
B. Incorrect: Corporate profits are not nearly higlh enough. If corporate profits were higher, GDP and total income would increase.
C. Incorrect: The largest component of gross domestic income is wages, which are about three times as large as profit.
D. Correct: Corporations aim for a 50 percent profit margin

Answers: 2

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Indicate whether the following statement is correct or incorrect. "Corporate profits are much too hi...

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