If total government tax collections equal $100 billion, transfer payments equal $50 billion, and government interest payments equal $5 billion, then net taxes equal:
A. $105 billion.
B. $45 billion.
C. $55 billion.
D. $155 billion.
Answer: B
You might also like to view...
Why is it true that shortages usually occur mainly when price controls are in effect?
What will be an ideal response?
Which policy measure bans spinning?
A) Sarbanes-Oxley Act of 2002 B) Global Legal Settlement of 2002 C) Gramm-Leach-Bliley Act of 1999 D) Riegle-Neal Act of 1994
The first fundamental theorem of welfare economics states that
A) under certain conditions, a competitive equilibrium is Pareto optimal. B) a competitive equilibrium is always Pareto optimal. C) under certain conditions, a Pareto optimum is a competitive equilibrium. D) a Pareto optimum is always a competitive equilibrium.
In order to sell additional units of their products, competitive firms must
A. Cut their expenses. B. Increase their advertising. C. Lower their price. D. Increase output.