For the regression equation Q = 100 - 10X + 0.25X2, which of the following statements is true?
A) X2 is the more important variable because it is positive.
B) When X decreases by one unit, Q decreases by 10 units.
C) When X increases by 10 units, Q decreases by 1 unit.
D) The change in Q associated with a one unit increase in X depends on the initial level of X.
D
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If government spending is $650 billion while government revenue is $950 billion, the government is said to have a
A) $300 billion budget surplus. B) $300 billion budget deficit. C) $1,600 billion budget balance. D) $950 billion budget deficit.
Which of the following can be demonstrated using a Lorenz curve?
a. The size of total production in a household b. All possible consumption combinations of goods that someone can afford c. The social rate of return of antipoverty programs d. Income distribution across a population
Taxes constitute the difference between GDP and disposable income
a. True b. False Indicate whether the statement is true or false
Suppose you put $350 into a bank account today. Interest is paid annually and the annual interest rate is 6 percent. The future value of the $350 after 4 years is
a. $414.09. b. $434.00. c. $441.87. d. $481.24.