Which of the following is not directly counted in GDP?
A) investment expenditures B) consumer goods
C) government purchases D) intermediate goods
D
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In what type of analysis could an increase in the tax rate lead to a decrease in tax revenues?
A) ad valorem taxation B) excise taxation C) dynamic tax analysis D) static tax analysis
If a country has net exports of $8 billion and sold $40 billion of goods and services abroad, then it has
a. $48 billion of imports and $40 billion of exports. b. $48 billion of exports and $40 billion of imports. c. $40 billion of imports and $32 billion of exports. d. $40 billion of exports and $32 billion of imports.
Seignorage is an especially important source of government revenue in countries
a) with weak credit industries b) with low inflation rates c) with high tariffs on imports d) with a currency tied to the dollar e) that still use commodity money
Refer to the graph shown.
If labor supply shifts from S1 to S2, the firm will:
A. raise employment from q1 to q0 to maximize profit where MRP = W. B. reduce employment from q0 to q1 to maximize profit where MRP = W. C. raise employment from q2 to q1 to maximize profit where MRP = W. D. reduce employment from q1 to q2 to maximize profit where MRP = W.