The difference between taxes and government spending is called:
a. household saving.
b. national saving
c. net tax.
d. public saving.
d
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If there is a basic surplus and a negative total deficit, then
A) interest cost > basic surplus. B) interest cost < basic surplus. C) interest cost > positive total deficit. D) interest cost < positive total deficit.
Your loss from an increase in interest rates is ________, and your gain from a decrease in interest rates is ________, if you hold a two-year bond compared to holding a one-year bond
A) greater; greater B) greater; less C) less; greater D) less; less
The models of perfect competition and monopoly are the most realistic
a. True b. False Indicate whether the statement is true or false
If Cassie's Coffee House purchases 33 cents worth of ingredients and spends 36 cents on wages per cup of coffee to produce an 89 cent cup of coffee, then Cassie's Coffee House's contribution to GDP is ________ per cup of coffee.
A. 20 cents B. 33 cents C. 36 cents D. 56 cents