Which of the following is not a means of financing government spending?
a. Government subsidies
b. Personal income taxes
c. Printing new money
d. Issuing government bonds
e. Capital gains taxes
a
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Use the following graph to answer the next question.
Assume the economy is initially located on AD0 and AS0. An increase in personal income taxes would result in price ________ and real domestic output ________.
A. E; B B. F; C C. F; A D. G; B
Assume that Country X and Country Y are trading partners and the exchange rates are fixed. If prices in Country Y rise, all of the following are expected to happen except
A. Country X will export more. B. Country Y will import more. C. net exports will rise for Country X. D. trade will boost the GDP of Country Y.
Altogether, total health care spending per person in the United States is
A) about $3,600. B) over $8,000. C) roughly $26,000. D) about $50,000.
A sales tax is a type of consumption tax
a. True b. False