Consider the following:
Farmer Jones bought seed and fertilizer for $100.
He grew wheat that he sold to the Acme Bread Company for $200.
Acme Bread produced and sold bread to the ABC Grocery Store for $250.
Consumers bought the bread from the grocery for $350.
How much was added to the GDP?
A) $600 B) $800 C) $350 D) $700
C
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A differential commodity tax is the same as an excise tax.
A. True B. False C. Uncertain
List and explain the four key assumptions in the theory of public choice
What will be an ideal response?
Parity price programs were designed to help farmers, not consumers of farm goods
Indicate whether the statement is true or false
Analysis indicates that the economy is in a recessionary gap. Which of the following is the least appropriate policy mix in this situation?
a. a budget surplus and expansionary monetary policy b. a budget deficit and expansionary monetary policy c. a budget deficit and contractionary monetary policy d. a budget surplus and contractionary monetary policy