Total government spending (federal, state, and local) sums to approximately:
A. 10 percent of the U.S. economy.
B. 20 percent of the U.S. economy.
C. 40 percent of the U.S. economy.
D. one-half of the U.S. economy.
Answer: C
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________ unemployment is NOT associated with economic fluctuations
A) Frictional B) Cyclical C) Structural D) both A and C
Corporations can use any of the following to finance their operations except which one?
a. income taxes b. common stock c. preferred stock d. corporate bonds e. convertible stock
Which of the following is true?
a. A bondholder owes money to a corporation. b. A corporation owes money to a bondholder. c. A bondholder owns part of a corporation. d. A bondholder votes on company management.
An increase in the supply of the product implies:
A. producers will now charge a higher price for a given quantity of output. B. the supply curve will shift to the left. C. the price of this product has increased. D. producers will now charge a lower price for a given quantity of output.