The excess of the federal government's spending over its revenues is called the
A. budget surplus.
B. surplus deficit.
C. budget deficit.
D. surplus effect.
Answer: C
Economics
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Net exports are total imports minus total exports
Indicate whether the statement is true or false
Economics
Porter's "Five Forces Model" is based on
A) the laws of supply and demand. B) the law of diminishing returns. C) the Structure-Conduct-Performance model. D) the key factors affecting demand.
Economics
What is the value of disposable income?
| Consumption expenditures | $4,150 |
| Federal government purchases of goods and services | 850 |
| State and local government’s purchases | 331 |
| Investment | 751 |
| Proprietors income | 150 |
| Compensation of employees | 4,080 |
| Corporate profits | 134 |
| Taxes on corporate profits | 23 |
| Rental income | 31 |
| Capital consumption allowance | 295 |
| Indirect business taxes | 130 |
| Net interest | 147 |
| Exports | 300 |
| Imports | 320 |
| Undistributed corporate profits | 111 |
| Transfer payments | 66 |
| Personal taxes | 45 |
| Dividends | 0 |
| Income Earned from the Rest of the World | 252 |
| Income Earned by the Rest of the World | 1,347 |
| Social insurance taxes | 222 |
| Statistical discrepancy | 5 |
A. $3,618
B. $4,795
C. $3,727
D. $4,207
E. $4,017
Economics
Rigged elections, partly free markets, and authoritarian control, as seen in countries like Russia and China, are all characteristics of what the text calls
a. "extremist theocracy." b. "systematic antiglobalization." c. "failed stateness." d. "illiberal democracy."
Economics