The government sector balance equals
A) net taxes plus government expenditures.
B) saving plus investment.
C) government expenditures plus investment.
D) net taxes minus government expenditures.
E) saving minus investment.
D
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Refer to Figure 11-6. In the figure above which letter represents the average total cost curve?
A) A B) B C) C D) D
If a good's demand function is Q = 30 - 3P, then calculate the price elasticity of demand when
a. good price is $3 using the point elasticity formula b. good price is $4 using the point elasticity formula c. good price decreases from $4 to $3, using the arc elasticity formula d. good price is $5, using the point elasticity formula e. good price increases from $4 to $5, using the arc elasticity formula
The policies of the New Deal in the 1930's, in an effort to alleviate unemployment, paralleled those of
a. Keynesian analysis. b. supply-side economics. c. Say’s Law. d. the classical theory.
When the price of a good is measured in dollars, then the size of the deadweight loss that results from taxing that good is measured in
a. units of the good that is being taxed. b. units of a related good that is not being taxed. c. dollars. d. percentage change.