Corporation income taxes are not levied on the income of partnerships or proprietorships.
Answer the following statement true (T) or false (F)
True
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If net exports is 100 and the private sector balance is 150, then the government sector balance is
A) -50. B) 50. C) 250. D) 0.
Why do price ceilings tend to cause persistent imbalances in the market?
A. Quantity demanded exceeds quantity supplied but price cannot rise to remove the shortage. B. Quantity demanded exceeds quantity supplied but price cannot fall to remove the surplus. C. Quantity supplied exceeds quantity demanded but price cannot rise to remove the shortage. D. Quantity supplied exceeds quantity demanded but price cannot fall to remove the surplus.
Uncontrollable government spending includes
A. Welfare benefits but not unemployment benefits. B. Interest payments on the national debt. C. Spending decisions made in the current year. D. Approximately half of the government spending in the United States.
Headline inflation is:
A. used only by the media for discussing inflation. B. limited measure of inflation in the economy. C. core inflation with the prices of food and gasoline added in. D. not a generally accepted measure of inflation.