Ahmed is working and is spending more than he is earning by using his savings to make up the difference. Which of the following statements is TRUE?
A) Ahmed is in equilibrium since he pays all of his bills.
B) Ahmed is in disequilibrium.
C) By using savings Ahmed is using special drawing rights.
D) By using savings Ahmed has caused the balance of payments to go into a deficit situation.
B
Economics
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Estate and gift taxes account for a very small portion of total tax revenues collected by the federal government because taxes are levied only on large estates
Indicate whether the statement is true or false
Economics
If the working age population is 200 million, 150 million are employed, and 6 million are unemployed, the unemployment rate is
A) 3.0 percent. B) 25.0 percent. C) 4.0 percent. D) 12.0 percent. E) 3.8 percent.
Economics