For most families, a majority of their property comes from

A. inheritance.
B. redistribution programs.
C. transfer payments.
D. savings.


Answer: D

Economics

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Of the following countries, which grew most slowly, in terms of real GDP per person, over about the last 120 years?

a. Brazil b. Mexico c. China d. United States

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Which of the following would be counted in 2016's GDP?

A. the bonus check a stockbroker gets from his/her company in 2016 B. the value of a TV that was produced in 2015 but not sold until 2016 C. the value of a bond sold by the federal government D. the value of a loan you take in 2016

Economics

Based on the figure below. Starting from long-run equilibrium at point C, an increase in government spending that increases aggregate demand from AD to AD1 will lead to a short-run equilibrium at point ________ creating _____gap.  

A. D; an expansionary B. B; no output C. B; expansionary D. A; a recessionary

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When a firm or economy is operating efficiently, it is operating

A. outside its production possibilities frontier. B. inside its production possibilities frontier. C. on its production possibilities frontier. D. at the intersection of the production possibilities frontier and the vertical axis. E. at the intersection of the production possibilities frontier and the horizontal axis.

Economics