Unemployment compensation is an example of:
A) non-discretionary expenditures.
B) discretionary expenditures.
C) taxes.
D) none of the above.
A
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The table above gives a nation's investment demand and saving supply schedules. It also has the government's net taxes and expenditures. The loanable funds market is in equilibrium when the real interest rate is
A) 7 percent B) 4 percent. C) 3 percent D) 6 percent. E) 5 percent.
In 1980, the top 1 percent of earners paid 19.1 percent of the federal personal income tax. By 2010, the share of this tax collected from the top 1 percent of earners
a. had declined to less than 15 percent. b. was still slightly less than 20 percent. c. had risen to approximately 25 percent. d. had risen to over 35 percent.
What is the difference between Nominal GDP and Real GDP?
a. Real GDP only measures the production of real goods and excludes services of any kind. b. Real GDP is a figure adjusted for exchange rate differences among countries. c. Real GDP is a figure adjusted for inflation. d. There is no difference at all. Real GDP is a synonym for Nominal GDP. e. Real GDP measures goods and services produced within a nation's borders, and nominal GDP measures goods and services produced by domestic resources anywhere in the world
If the government of India implemented a policy that decreased national saving, its real exchange rate would
a. depreciate and Indian net exports would rise. b. depreciate and Indian net exports would fall. c. appreciate and Indian net exports would rise. d. appreciate and Indian net exports would fall.