Refer to the information provided in Table 19.5 below to answer the question that follows.
Table 19.5Total IncomeTotal TaxesAverage Tax RateMarginal Tax Rate$10,000$1,500??$20,000$2,400??$30,000$3,000??$40,000$3,200??Refer to Table 19.5. The tax rate structure in this example is
A. regressive.
B. progressive.
C. proportional.
D. marginal.
Answer: A
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If average annual tuition at public 4-year colleges was $1,908 in 1990, when the CPI was 130.7, and $8,655 in 2012 when the CPI was 229.6, then the real cost of annual tuition
A) rose by 354 percent during that period. B) fell by 158 percent during that period. C) fell by 354 percent during that period. D) rose by 75.7 percent during that period. E) rose by 158 percent during that period.
What is the change in the money supply when the Fed purchases $100 worth of bonds in a 100-percent-reserve banking system?
If a country had a trade surplus of $50 billion and then its exports rose by $30 billion and its imports rose by $20 billion, its net exports would now be
a. $0 billion. b. $20 billion. c. $40 billion. d. $60 billion.
Other things the same, the aggregate quantity of goods demanded decreases if
a. real wealth falls. b. the interest rate rises. c. the dollar appreciates. d. All of the above are correct.