Disposable income is
A. The amount households have left to spend after savings are subtracted.
B. After-tax income of households; personal income less personal taxes.
C. The amount the household sector earns in producing the GDP.
D. Personal income plus income taxes.
Answer: B
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Goods that cannot be consumed without excluding other consumers are
A) public goods. B) free. C) are not scarce. D) all of these choices.
Unemployment insurance benefits the macroeconomy by supporting purchasing power.
Answer the following statement true (T) or false (F)
The U.S. Social Security tax is an example of a
A) progressive tax. B) proportional tax. C) premium tax. D) regressive tax.
Which of the following was not a cause of the Great Recession?
a. Deregulating nationally chartered banks but not state-chartered banks. b.Government incentives to increase home ownership. c. Government encouragement of creative home-buying strategies. d. Relaxation of bank underwriting standards. e. All of the above were causes of the Great Recession.