The single biggest federal tax is the
A. estate tax.
B. corporate income tax.
C. excise tax.
D. federal income tax.
Answer: D
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In 2011, total output of goods and services in the United States was approximately
a. $10 trillion. b. $12 trillion. c. $15 trillion. d. $20 trillion.
In the short run, a permanent increase in the domestic money supply
A) has stronger effects on the exchange rate and output than an equal temporary increase. B) has stronger effects only on the exchange rate but not on output than an equal temporary increase. C) has weaker effects on the exchange rate and output than an equal temporary increase. D) has stronger effects on output, but lower effect the exchange rate than an equal temporary increase. E) has weaker effects only on the exchange rate than an equal temporary increase.
The marginal cost curve intersects the average fixed cost curve at its minimum
Indicate whether the statement is true or false
Which of the following activities would be calculated as part of GDP accounts?
a. Drug trafficking. b. Money laundry. c. Prostitution. d. Purchasing plastic surgery. e. Burglary.