Based on the table showing a summary of fiscal policy tools, one tool for dealing with a negative RGDP growth rate is ______.
a. decreasing government transfer payments
b. increasing taxes
c. decreasing government purchases
d. increasing government purchases
d. increasing government purchases
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Which of the following is a problem with the Coase Theorem?
A. Transaction costs are high in many situations B. Government intervention is a better solution for most externalities C. Property rights are rarely defined clear enough D. Externalities can be fixed with taxes and subsidies more easily
The number of times per year that a dollar is spent on final goods and services defines
A) the income velocity of money. B) the money supply. C) the price index. D) GDP.
Which demographic groups have the highest poverty rates?
What will be an ideal response?
The best measure of a country's standard of living is
A) total nominal GDP. B) GDP per unit of capital. C) GDP per capita. D) GDP per labor hour.