The United States has a more unequal income distribution than many other developed countries such as Japan and Germany
a. True
b. False
Indicate whether the statement is true or false
True
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All are examples of government purchases that would be included in GDP except:
A. pencils for the employees of the FBI to use. B. the salaries of those in the military working in California. C. replacement calculators for the Congressional Budget Office. D. salaries paid by government to foreign contractors in Iraq.
Entitlements have a great deal in common with
A. private savings plans. B. defined benefit pension programs. C. defined contribution programs. D. Ponzi schemes.
Exhibit 17-1: Global Comparison of Government Surpluses and Deficits as a Percentage of GDP, 2016 ? Country Surplus (+) or Deficit (-) as a percent of GDP Canada -1.10 Iceland 12.57 Latvia 0.06 Norway 3.99 Spain -4.51 United States -4.94? Given the information in Exhibit 17-1, which of the following statements is correct?
A. Canada was the closest of the countries shown to balancing its budget. B. Norway likely had to sell government securities to finance its overspending. C. Iceland experienced the largest deficit of the countries shown. D. The national debts of Canada, Spain and United States increased in 2016.
One way of reducing our trade deficit would be to get Americans to
A. save more and consume more. B. save more and consume less. C. save less and consume less. D. save less and consume more.