What is the main function of leading indicators?
a. They provide information about the direction in which an economy might be moving in the short term future.
b. They reveal important structural deficiencies in an economy and are therefore useful for predicting long-term economic growth potential.
c. The index of leading indicators is the key measure of a nation's economic growth and development.
d. They show how to correct economic recessions and/or hyperinflation.
e. Leading indicators are exclusively used by central bankers to help them determine the monetary base.
.A
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The U.S. economy would gain from the elimination of tariffs and quotas even if other countries do not reduce their tariffs and quotas
Indicate whether the statement is true or false
If your income increases from $10,000 per year to $14,000 per year and your tax payment increases from $2,000 to $2,840, the marginal tax rate:
A. Is 20 percent B. Is 21 percent C. Is 25 percent D. Cannot be determined from the given data