Which is the correct order of importance in terms of revenue collected among the following federal taxes?
a. (1) corporate income taxes (2) value-added taxes (3) excise taxes
b. (1) personal income taxes (2) corporate income taxes (3) sales taxes
c. (1) payroll taxes (2) personal income taxes (3) federal excise taxes
d. (1) personal income taxes (2) payroll taxes (3) corporate income taxes
d
Economics
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If w is the growth rate of the nominal wage rate, p is the inflation rate as measured by the price deflator for total GDP, y is the growth rate for total domestic product, and n is the growth rate of labor, then the growth of real wage is ________
A) wp/n B) y - p C) w - p D) wn/p
Economics
The self-correcting tendency of the economy means that falling inflation eventually eliminates:
A. exogenous spending. B. recessionary gaps. C. expansionary gaps. D. unemployment.
Economics