An increase in the unemployment rate would affect tax receipts and government expenditures by
A. reducing tax receipts and expenditures.
B. increasing tax receipts and expenditures.
C. reducing tax receipts and raising expenditures.
D. raising tax receipts and reducing expenditures.
C. reducing tax receipts and raising expenditures.
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Indicators of economic activity that move at the same time as the overall economy are called ________ indicators.
A. short-term B. real C. long-term D. coincident
GDP differs from GNP because
A) GDP = GNP - net factor payments from abroad. B) GNP = GDP - net factor payments from abroad. C) GDP = GNP - capital consumption allowances. D) GNP = GDP - capital consumption allowances.
Private goods are those goods
A) that violate the principle of rival consumption. B) for which no public market exists. C) that can only be consumed by one individual at a time. D) to which the non-exclusion principle applies.
Refer to the information provided in Figure 8.3 below to answer the question(s) that follow. 
Figure 8.3
Refer to Figure 8.3. If total fixed costs are $100, then average total cost of producing 10 basketballs is
A. $2. B. $10. C. $13. D. $130.