Which of the following is not an excise tax?
a. A tax on cigarettes.
b. A tax on beer.
c. A tax on corporations.
d. A tax on airline tickets.
c
Economics
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The implicit price deflator is given by the formula
A. nominal GDP in current period ÷ nominal GDP in base period. B. nominal GDP in current period ÷ real GDP in base period. C. nominal GDP ÷ real GDP. D. real GDP ÷ nominal GDP.
Economics
A consultant who earns $100 per hour takes four hours off work to go to the movies. The out-of-pocket cost for the cab and the movie ticket are $12 . The total cost of the movie to the consultant is
a. $12 b. $412 c. $400 d. $388 e. $112
Economics