The Italian economy can be characterized by Equation 24.1.EQUATION 24.1:C = 300 + 0.8Yd G = 400T = 200I = 200Refer to Equation 24.1. At the equilibrium level of output in Italy, saving equals

In 2014, over 75 percent of the revenue of the U.S. federal government was raised through

A) individual income and social insurance taxes. B) sales and corporate income taxes. C) property and social insurance taxes. D) individual income and property taxes.

Until recently, many developing countries

A) encouraged foreign direct investment but discouraged foreign portfolio investment. B) sealed themselves off from foreign investment. C) were quite open to foreign investment. D) encouraged foreign portfolio investment but discouraged foreign direct investment.