Looking at their ratio of debt to GDP, which following five countries should be expected to face serious economic trouble in the future?
a. Fredonia: 40 percent
b. Syldavia: 70 percent
c. Borduria: 120 percent
d. Ruritania: 20 percent
e. Dystopia: 100 percent.
C
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When real GDP is greater than potential GDP, there is ________ which leads the inflation rate to ________
A) a recessionary gap; rise B) a recessionary gap; remain stable C) an inflationary gap; rise D) a recessionary gap; fall E) an inflationary gap; fall
Income distribution in the United States is quite similar to that in other industrialized nations
Indicate whether the statement is true or false
A local video store estimates its average customer's demand per year is Q = 7 ? 2P, and it knows the marginal cost of each rental is $0.5. How much should the store charge for each rental if it engages in optimal two-part pricing?
A. $0.35 B. $0.7 C. $1.00 D. $0.5
According to the Organization for Economic Cooperation and Development (OECD):
A. the United States has the most progressive tax system among OECD nations. B. the United States has the least progressive tax system among OECD nations. C. the U.S. tax system has the same degree of progressivity as those of nations such as Canada, Japan, and France. D. the U.S. tax system has the same degree of progressivity as those of many developing nations.