Refer to Figure 4.2. A shift from D1 to D2 will result from which of the following?
A) an increase in expected future profits
B) an increase in corporate taxes
C) an increase in tax credits for savings
D) a decrease in the desire of households to consume today
A
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GDP is
A) a perfect measure of the value of production. B) an imperfect measure of the standard of living. C) the only factor that affects our standard of living. D) a perfect measure of the standard of living. E) a measure which includes the value of all newly produced goods and services.
Suppose, in 2008, the federal debt was $5 trillion. That year, the United States ran a deficit of $455 billion. During the course of the year, the inflation rate was 3.8%. How much is the "inflation tax"?
What will be an ideal response?
In the past 50 years, per capita income in some countries such as ________ and ________ has hardly changed relative to per capita income in the United States
A) Mexico; Argentina B) Kenya; Nigeria C) South Korea; India D) France; United Kingdom
Stock options make managers who receive them have exactly the same goals as shareholders
Indicate whether the statement is true or false