In a Vertical Analysis of an Income Statement,net Income Is

question 37

True/False

In a vertical analysis of an income statement,net income is assigned a percentage of 100.

Recognize how wage increases relative to labor productivity affect price levels.

Understand the implications of inflation and price level changes on output.

Know the determination factors of wage rates in collective bargaining and their relation to monetary policy.

Realize the limitations of active policy in influencing output under rational expectations.