Refer to Table 8-19. Given the information above, calculate the GDP deflator in 2015
A) 87 B) 95 C) 105 D) 114
C
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The payroll tax for income earners at top income levels in the United States is
A. proportional. B. progressive. C. regressive. D. uniform.
The worldwide slowdown in labor productivity began in the early
a. 1960s. b. 1970s. c. 1980s. d. 1990s.
When the tax rate is constant when a person's income rises, the tax is a:
a. regressive tax. b. poll tax. c. progressive tax. d. constant tax. e. proportional tax.
The WTO has encouraged nations to replace their import quotas with tariffs. Why?
a. Quotas are more difficult to administer for the customs people. b. Quotas are more discriminatory. c. Quotas hurt domestic firms more than tariffs. d. Quotas result in larger losses than tariffs with equivalent protection on domestic monopolists.