Government purchases are part of _______ and include _______
a. national income; federal and state government purchases
b. GDP; federal, state, and local government purchases
c. GDP; federal government purchases only
d. national income; federal government purchases only
e. national income; federal, state, and local government purchases
B
Economics
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A lump-sum tax, such as a $1000 tax that every family must pay one time, is
A) negatively related to real GDP. B) an autonomous tax. C) a regressive tax. D) a type of income tax.
Economics
The external shock that hit Mexico and other Latin American countries in the early 1980s that caused the Lost Decade was a collapse in world oil prices
Indicate whether the statement is true or false
Economics