Suppose that the government reduces income taxes. Which of the following is the most likely result?
a. An increase in human capital investment
b. A decrease in consumption
c. An increase in government spending
d. A decrease in government spending
e. A decrease in human capital investment
A
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When the Federal Reserve calls in a discount loan from a bank, the monetary base ________ and reserves ________
A) remains unchanged; decrease B) remains unchanged; increase C) decreases; decrease D) decreases; remains unchanged
A part of the Jumpstart Our Business Startups (JOBS) Act:
A) banks were required to provide special financing for start ups B) differences between qualified and unaccredited investors were removed C) the SEC is no longer is allowed to regulate funding of business start ups D) Congress removed some of the restrictions on using crowd-funding to allow small investors to buy equity in start-ups
Suppose y = Ak1/3, the capital-labor ratio is $30,000 per worker, the level of total factor productivity is 400, 50% of the population works, and there are 50 million workers. Real GDP per capita is
A) $4,930.85. B) $6,212.33. C) $7,765.41. D) $9,033.96.
A country’s economic growth is determined by its level of productivity, which in turn is determined by its ______.
a. standard of living, natural resources, technology, and human capital b. technology, natural resources, human capital, and physical capital c. population size, infrastructure, physical capital, and natural resources d. age, population size, natural resources, and infrastructure