Which of the following statements about economic growth is true?
What will be an ideal response?
Countries with low marginal tax rates have generally had higher rates of economic growth than those with high tax rates.
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A steep slope in a time series graph means the variable is
A) high. B) rising or falling slowly. C) very close to its trend point. D) rising or falling quickly. E) falling.
Assume that the total deficit is $100 billion and the economy is above potential output
Now the level of economic activity falls back to its potential level output, leading to an decrease in tax revenues increase by $50 billion an increase in transfer payments fell by $10 billion. Then, what is the structural deficit? a. $100 billion b. $110 billion c. $150 billion d. $160 billion e. can't tell based on information given.
Predictions of stock prices by stock market analysts
A. usually improve on simple extrapolation of past trends. B. are good both in the short term and in the long term. C. are poor since Wall Street does not pay enough to attract the best analysts. D. are poor because of randomness.
If crowding out occurs, the Main Burden of the debt is
a. smaller government assets passed along to the next generation. b. smaller capital stock passed along to the next generation. c. fewer government services during this generation. d. higher debt payments passed along to the next generation.