When the number of families with someone employed by the government is added to those receiving income from transfer programs, the share of American families receiving income from the government is
a. less than 20 percent
b. approximately 50 percent of the total
c. approximately 62 percent of the total
d. a little more than 75 percent of the total
C
You might also like to view...
Suppose policy makers want to increase GDP by $450 billion. If the marginal propensity to consume is 0.9, by how much must government spending increase to achieve this target?
What will be an ideal response?
If the money supply in the economy were at MS2, to engage in contractionary policy the Federal Reserve Bank would use open market operation to move money supply to:
A. MS4 B. it would stay at MS2 C. MS3 D. MS1
Truth-in-lending laws require that _____.
(A) Banks lend each other funds using the federal funds rate. (B) Bank holding companies offer the same interest rates at all of their member banks. (C) Sellers provide full and accurate information about loan terms. (D) Banks allow Federal Reserve examiners to audit their financial activities.
Explain how corporate profits are taxed twice.
What will be an ideal response?