The average tax rate is calculated by dividing _____ by _____; the marginal tax rate is calculated by dividing _____ by _____.
Fill in the blank(s) with the appropriate word(s).
taxes paid; taxable income; additional taxes paid; additional taxable income
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Which of the following nations is NOT part of OPEC?
A. Kuwait B. Indonesia C. Iran D. Mexico
An expansionary fiscal policy will lead to
A. higher interest rates, an appreciated dollar, and reduced net exports. B. higher interest rates, an appreciated dollar, and increased net exports. C. reduced interest rates, an appreciated dollar, and reduced net exports. D. reduced interest rates, an appreciated dollar, and increased net exports.
The aggregate supply curve is found by summing up the supply curves for all the different products in the economy
a. True b. False
To reconcile net national product and national income,
a. national income is calculated first, and capital depreciation is subtracted from it to get net national product b. national income is calculated first, and indirect business taxes are subtracted from it to get net national product c. net national product is calculated first, and indirect business taxes are subtracted from it to get national income d. net national product is calculated first, and compensation of employees is added to it to get national income e. gross national product is calculated first, and capital depreciation plus nonfactor charges are subtracted to get national income