The accompanying table below shows how total donations, average donations, total labor costs and average labor costs vary depending on the number of employees State U hires for its fundraising activities. Number of EmployeesTotal DonationsAverage DonationsTotal Labor CostsAverage Labor Costs1$30,000 $8,0002$42,426 $17,000 3 $17,321$27,000 4$60,000 $9,5005 $13,416$50,000 The total labor cost with 4 employees is:
A. $21,500.
B. $43,121.
C. $38,000.
D. $22,000.
Answer: C
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According to the figure above, if there is no income tax, the equilibrium real wage rate is ________ and the equilibrium hours of labor are ________
A) $20; 200 billion B) $30; 250 billion C) $30; 200 billion D) $35; 200 billion E) The equilibrium is not shown.
Since 1960, there have been how many years of budget surplus?
a. 5 b. 10 c. 20 d. 30
Which of the following is NOT a function of the Fed?
A. supervising member banks B. regulating the money supply C. holding reserves for depository institutions D. determining the credit-worthiness of firms and individuals
The uses-of-saving identity shows that if the government budget deficit rises, then one of the following must happen.
A. Private saving must rise, investment must fall, and/or the current account must fall. B. Private saving must rise, investment must fall, and/or the current account must rise. C. Private saving must fall, investment must rise, and/or the current account must rise. D. Private saving must rise, investment must rise, and/or the current account must fall.