The balance of payments accounts are divided into two sections: the current account and the financial account
Indicate whether the statement is true or false
TRUE
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If taxes are $2,000 when income is $15,000 and they are $3,000 when income is $19,000, then the marginal tax rate is
A. 20%. B. 30%. C. 25%. D. 40%.
If an event has two possible outcomes, A and B, and the probability of event A occurring is 0.30, the probability of event B occurring is ________.
A) 1.00 B) 0.20 C) 0.30 D) 0.70
The official unemployment rate disguises the extent of the unemployment problem because: a. children are not counted as unemployed
b. retired persons are not counted as unemployed. c. full-time students are not counted as unemployed. d. discouraged workers are counted as unemployed. e. people overqualified for their current job are not considered unemployed.
Which of the following correctly identifies an advantage of using adjusted R2 over R2?
A. Adjusted R2 corrects the bias in R2. B. Adjusted R2 is easier to calculate than R2. C. The penalty of adding new independent variables is better understood through adjusted R2 than R2. D. The adjusted R2 can be calculated for models having logarithmic functions while R2 cannot be calculated for such models.