Since the definition of economic growth does not take into account the growth of the country's population, the income of the average person in a country with high real GDP growth could be declining through time
a. True
b. False
Indicate whether the statement is true or false
True
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An efficient tax is
A) a tax that raises a maximum amount of revenue. B) a tax that imposes a small excess burden relative to the tax revenue that it raises. C) a tax that imposes an equal tax burden on buyers and sellers. D) a tax that is used to fund research and development of new technology.
Which of the following statements is false?
A) As the price paid for a bond rises, the yield declines. B) If you purchase stock from an individual that currently owns the stock, you are buying it in the secondary market. C) The yield on a bond is another term for the coupon rate on a bond. D) A rating of Aaa from Moody's is the highest bond rating given by that rating agency.
Contractionary fiscal policy tools can eliminate an inflationary gap arising from a continuation of current budget policies.
Answer the following statement true (T) or false (F)
Participating in a seminar that helps to improve your performance at work represents an investment in your ________ capital.
A. tangible B. financial C. human D. social