In a given year, a country's GDP = $9841, net factor payments from abroad = $889, taxes = $869, transfers received from the government = $296, interest payments on the government's debt = $103, consumption = $8148, and government purchases = $185. The country had government saving equal to
A. $3850.
B. $2112.
C. $285.
D. $2397.
Answer: C
You might also like to view...
The fact that prices for similar goods differ across nations complicates comparisons of real GDP across countries
Indicate whether the statement is true or false
The most progressive tax of the major taxes employed in the United States _____
a. are sales taxes b. are excise taxes c. are income taxes d. are property taxes
If those who consumed common resources were subject to a tax that was equal to the external costs that they imposed due to the negative externality created, their demand curve would shift:
A. up and they would consume more. B. down and they would consume less. C. down and they would consume more. D. up and they would consume less.
Which of the following statements is true about efficiency wages?
a. Efficiency wages reduce monitoring cost of the employer. b. Employees benefit more from efficiency wages than employers. c. Productivity of the employee is usually unaffected by efficiency wages. d. Loafing is more rewarding for employees who earn efficiency wages.