The sum of the value added of every firm involved in producing all final goods and services ________ gross domestic product
A) equals
B) is greater than
C) is less than
D) is sometimes greater than and other times less than
Answer: A
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Taxes can yield the efficient level of pollution if the tax is set equal to the
A) marginal benefit of pollution. B) marginal external cost of the pollution. C) marginal social cost of the pollution. D) equilibrium price of the pollution.
Use the following information to answer the next question.SecurityAmount (in billions)Treasury bills$220Corporate bonds140Treasury notes80Corporate stock200U.S. savings bonds60Treasury bonds100Other things equal, an increase of corporate bonds from $140 billion to $150 billion in the economy would
A. not change the size of the public debt. B. increase the public debt from $600 billion to $610 billion. C. decrease the public debt by $20 billion. D. increase the public debt from $460 billion to $470 billion.