Refer to Table 8-17. What is nominal GDP in 2011?
A) $3,320 B) $3,690 C) $6,360 D) $7,035
A
Economics
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Each citizen in Nexus City has to pay $20,000 as income tax. This is an example of a ________
A) proportional income tax B) progressive income tax C) lump-sum tax D) regressive income tax
Economics
Which component of GDP includes spending on new structures and equipment?
Economics
A movement along the Phillips curve shows that the unemployment rate and inflation rate are
A. Changing in response to supply-side policy. B. Changing in response to shifts in aggregate supply. C. Inversely related to each other. D. Directly related to each other.
Economics
Describe three ways that private insurance companies deal with the moral hazard problem
What will be an ideal response?
Economics