In 2003, federal government expenditures as a percentage of GDP were around _____
a. 10 percent
b. 20 percent
c. 30 percent
d. 40 percent
b
You might also like to view...
In the above figure, the firm is breaking even at points
A) a and c. B) b and d. C) c and d. D) a and d.
Most changes to the tax code are in the form of loopholes that allows special interests to reduce their tax liability
a. True b. False
The more profits are reinvested into the firm, the
A) less there is available to distribute to bondholders. B) less there is available to distribute to stockholders. C) more the firm will be able to raise in sales of new issues to stock. D) more bonds the firm will sell in order to pay their required dividends to preferred stockholders.
According to the rational expectations school, people base their expectations about inflation on: a. the announcement of a change in policy
b. weighted averages of previous inflation rates, with the most distant getting the heaviest weight. c. all information available to them. d. changes in monetary policy only. e. changes in both monetary and fiscal policy.