Under current law, Part A of Medicare is financed by a payroll tax of
A. 6.60% imposed upon employers.
B. 1.45% imposed upon employers and 1.45% imposed upon employees.
C. 2.90% imposed upon employees.
D. 2.90% imposed upon employers.
Answer: B
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What will be an ideal response?
Total factor productivity growth is that part of economic growth due to
A) capital growth plus labor growth. B) capital growth less labor growth. C) capital growth times labor growth. D) neither capital growth nor labor growth.
When the value of the dollar increases, the net effect on the economy
A) will be an increase in short-run aggregate supply and a decrease in aggregate demand. B) will be decrease in short-run aggregate supply and an increase in aggregate demand. C) will be an increase in both aggregate demand and aggregate supply. D) will be a decrease in both aggregate demand and aggregate supply.
In the United States, what percentage of smog comes from manufacturing sites?
a. 5 percent b. 15 percent c. 25 percent d. 40 percent e. 80 percent