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Use the Figure Below to Answer the Following Question(s)

question 197

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Use the figure below to answer the following question(s) . Figure 9-2
Use the figure below to answer the following question(s) . Figure 9-2   Figure 9-2 indicates that the output of the economy, y<sub>1</sub>, is A)  greater than the economy's long-run capacity. B)  equal to the economy's long-run capacity. C)  less than the economy's long-run capacity. D)  not consistent will full employment of the economy's resources. Figure 9-2 indicates that the output of the economy, y1, is

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Definitions:

Drawings

It refers to the amount of money or the value of goods taken from the business by the owner for personal use.

Withdrawal Of Cash

The act of taking out cash from a business by the owners for personal use.

Owner's Equity

The residual interest in the assets of the entity after deducting liabilities, representing what the owner has invested or kept in the business.

Proprietorship

A business structure owned by a single individual, where the owner and the business are legally treated as the same entity.

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