To find your family's taxable income, you need to subtract your _____ and your _____.
Fill in the blank(s) with the appropriate word(s).
exemptions; deductions
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Which of the following is a TRUE statement concerning economic growth?
A) Changes in per capita nominal GDP are used to measure economic growth, but there are serious problems concerning the desirability of using figures that do not account for pollution and urban sprawl. B) Changes in per capita real GDP are used to measure economic growth because inflation and population growth can distort nominal GDP figures or total GDP figures. C) Changes in per capita nominal GDP are used to measure economic growth because population growth can distort the figures and we want to use the nominal amounts since that is what people identify with. D) Changes in per capita real GDP are used to measure economic growth because this accurately measures all the differences in living standards across countries.
One of the first organizations to investigate the business cycle was
A) the Federal Reserve System. B) the National Bureau of Economic Research. C) the Council of Economic Advisors. D) the Brookings Institution.
By taking the short position on a futures contract of $100,000 at a price of 96 you are agreeing to ________ a ________ face value security for ________
A) sell; $100,000; $96,000. B) sell; $96,000; $100,000. C) buy; $100,000; $96,000. D) buy; $96,000; $100,000.
When costs that vary with the level of output are divided by the output, you have calculated:
a. total changing cost. b. total fixed cost. c. average fixed cost. d. average variable cost.