Steady-state consumption per worker is
A) larger in the short run than in the long run.
B) less than steady-state investment per worker.
C) less than steady-state saving per worker.
D) steady-state production per worker minus steady state investment per worker.
A
Economics
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The two reasons why bankruptcy is a false concern about the public debt are:
A. Government spending and taxation B. Refinancing and taxation C. Investment and refinancing D. Saving and investment
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The following data represent a personal income tax schedule. Answer the next question on the basis of this information.Taxable IncomeTotal Tax$15,000$1,50030,0003,50060,0009,000120,00025,000The average tax rate at the $60,000 level of income is
A. 20.8%. B. 11.6%. C. 10.0%. D. 15.0%.
Economics