Suppose Ms. Sanchez has a total income of $200,000, has a taxable income of $120,000, and pays $40,000 in taxes. Considering the information, what is Ms. Sanchez's nominal tax rate?
A. 20.0 percent.
B. 33.3 percent.
C. 60.0 percent.
D. 18.5 percent.
Answer: B
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If the Gini coefficient is 1, this means that __________.
a. the income distribution is completely equal b. the income distribution is completely unequal c. that there is no income distribution
Describe how a sudden stop leads to a financial crisis
What will be an ideal response?
Which of the following is true?
a. The federal budget deficit is a flow and so is the national debt. b. The national debt is both a stock and a flow. c. The federal budget deficit is a stock and the national debt is a flow. d. The federal budget deficit is a flow and the national debt is a stock. e. The federal budget deficit is a stock and so is the national debt.
In general, the IMF provides developing countries with:
A. loans and lets these countries decide how the loans will be used. B. technical advice but does not provide them with loans. C. loans, but only if the government adopts certain policies specified by the IMF in return. D. neither loans nor technical advice.