Which of the following is not true for the U.S. payroll tax?
A. The incidence falls mainly on employees.
B. It is levied on employers.
C. It is levied on employees.
D. The incidence falls mainly on employers.
Answer: D
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The table below gives the quantities and prices for 2000 and 2010 for an economy that produces just two goods: sailboats and coconuts. Quantity producedPrice 2000201020002010Sailboats1020$500$525Coconuts2,0002,400$1$2For this economy that produces just sailboats and coconuts, and with 2000 is the base year, real GDP was approximately ______ times larger in 2010 than it was in 2000.
A. 1.34 B. 1.77 C. 1.65 D. 2.19
If the marginal propensity to consume (MPC) is 0.80, the value of the spending multiplier is:
a. 2. b. 5. c. 8. d. 10.
If a company wants an employee to average about $14.00 per hour to produce 60 units per hour, in addition to a base salary of $7.00 per hour, what should be the incentive rate per hour?
A. $0.117 B. $8.54 C. $1.25 D. $0.333
Members of the Federal Reserve Board of Governors:
A. are appointed to 4-year terms. B. are confirmed by the House of Representatives. C. frequently need to deal with political pressures. D. are members of the Federal Open Market Committee.