The GDP of Country A is equal to $124.5 billion, and the consumption expenditure in the economy is $85.9 billion. The government of Country A charges a flat tax rate of 20 percent. The government also spends $4.5 billion per year in the form of transfer payments. The household saving in the country is:
a. $38.6 billion.
b. $22.5 billion.
c. $13.7 billion.
d. $12.9 billion.
c
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Protection in the form of tariffs or quotas is a very inefficient tool for job creation and preservation
Indicate whether the statement is true or false
In which governance form do shareholders own the company?
A) public sector B) state-owned enterprise C) corporation D) non-profit
Personal income equals disposable personal income plus:
a. personal income taxes. b. transfer payments. c. dividend payments d. personal savings.
One explanation for the growth in the U.S. economy over the last 100 years is:
A. a large increase in human capital. B. a rapid decline in human capital. C. a small, incremental increase in human capital. D. Human capital was not the cause of growth in the United States over the last 100 years.