The real GDP per capita allows economic comparison between countries
Indicate whether the statement is true or false
TRUE
You might also like to view...
In the loanable funds market which of the following is true? a. Borrowers represent supply and government represents demand. b. Borrowers represent supply and banks represent demand
c. Banks represent supply and savers represent demand. d. Savers represent supply and borrowers represent demand.
Taxes on polluting firms for pollution are intended to
a. raise enough revenue to cut the deficit in half. b. encourage firms to reduce charges by polluting less. c. be efficient, i.e., result in no excess burden. d. raise revenue for general spending needs.
A current concern about Social Security is that
A. continued political bickering between the president and Congress could lead to an end to any funding of the program. B. funds set aside by past generations to pay benefits for future generations are growing too rapidly and may trigger inflation. C. the payroll taxes used to fund the program are being eliminated as part of an effort to generate employment increases, thus leaving the program bankrupt. D. promised benefit payouts are growing more rapidly than likely sources of revenues, indicating a future inability to keep the system operating.
Two major criticisms of the Bureau of Census data as a portrayal of the degree of income inequality are that the income concept employed is too:
A. Broad and the income accounting period is too short B. Narrow and the income accounting period is too long C. Narrow and the income accounting period is too short D. Broad and the income accounting period is too long