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In the United States there are some methods to save which reduce taxes on savings.
These include
A) commodity purchases.
B) stock purchases.
C) retirement plans like 401Ks and 403Bs.
D) money market accounts.
In the United States in recent years, the national debt has been approximately ________
percent of GDP.
A) 25
B) 50
C) 100
D) 150
The real wage is the wage rate to employees adjusted for:
A) changes in the price level.
B) changes in labor laws.
C) changes in worker benefits.
D) changes in the minimum wage laws.
Figure 4.5 illustrates a set of supply and demand curves for hamburgers. An increase in
supply and a decrease in demand are represented by a movement from
A) point d to point .
B) point d to point a.
C) point a to point c.
D) point to point d.
Table 6.4
Refer to Table 6.4. The labor-force participation rate equals:
A) 3.1%.
B) 66.6%.
C) 3.7%.
D) 83.5%.
Refer to Figure 15.1. The long-run equilibrium occurs at point
A) a.
B) .
C) c.
D) y0.
Many economists believe that our price indexes ________ the true inflation rate.
A) understate
B) overstate
C) perfectly measure
D) minimize
Which prices are used to measure goods and services in calculating the nominal GDP?
A) past years prices
B) current prices
C) average prices
D) projected prices
A decrease in the value of a currency is called a(n)
A) depreciation.
B) appreciation.
C) consolation.
D) integration.
Cost-of-living adjustments are
A) automatic wage changes based on the CPI which are included in some union
contracts.
B) changes in the basket of goods used in calculating the CPI.
C) averages of neighboring years' base prices used in constructing the CPI.
D) quality measurements included in the calculation of the CPI.
