Human capital is
A. the mental or physical skills people have.
B. the money people have.
C. the property people own.
D. the machines people own.
Answer: A
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If a single person has a standard deduction of $6,300, itemized deductions of $6,650, and a personal exemption of $4,000, then the first ________ of income is federal income tax free.
A. $10,300 B. $10,650 C. $16,950 D. $12,950
Assume that foreign capital flows into a nation rise due to expected increases in stock market appreciation. If the nation has highly mobile international capital markets and a fixed exchange rate system, what happens to the GDP Price Index and monetary base in the context of the Three-Sector-Model? a. The GDP Price Index rises and monetary base rises
b. The GDP Price Index rises and monetary base falls. c. The GDP Price Index and monetary base fall. d. The GDP Price Index and monetary base remain the same. e. There is not enough information to determine what happens to these two macroeconomic variables.
Which of the following would shift the investment demand curve leftward?
a. Lower operating costs for capital goods b. Higher business taxes on capital goods c. Higher expected rates of return on investment in capital goods d. Lower maintenance costs for capital goods
Use the following table to answer the question below. GDP figures are in billions of dollars.YearNominal GDPReal GDPPrice Index15,2004,800--25,500--11235,7505,000--What is the GDP price index in year 1?
A. 111.5 B. 109.6 C. 108.3 D. 105.2