National saving minus investment equals the current account
Indicate whether the statement is true or false
TRUE
Economics
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Under present U.S. law, cocaine is an example of
A) a government-sponsored good. B) a capital good. C) a public good. D) a government-inhibited good.
Economics
The average tax rate is
a. the ratio of additional taxes to an additional dollar of income. b. the ratio of taxes to income. c. the ratio of taxes to GDP. d. the ratio of income to direct taxes.
Economics
Given that income is $200 and the price of good Y is $40, what is the vertical intercept of the budget line?
A. 5 B. 1/5 C. 20 D. 8,000
Economics
The currency deposit ratio, c, is 0.10. The reserve requirement, rr, is 0.07. The excess reserve ratio, e, is 0.10. What is the size of the money multiplier?
A) 4.70 B) 4.07 C) 4.75 D) 4.00
Economics