Refer to Table 20.1. George is a single taxpayer with an income of $65,000. If George had received a raise of $3,500 at the beginning of the year, he would have paid an additional ________ in income tax

The relationship between the level of prices and total quantity of goods and services producers are willing to supply is represented by the

A) aggregate supply curve. B) aggregate demand curve. C) sticky price curve. D) GDP multiplier.

If a country has saving of $2 trillion and investment of $1.5 trillion, then it has

a. a trade surplus and its net capital outflow = $.5 trillion. b. a trade surplus and its net capital outflow = -$.5 trillion. c. a trade deficit and its net capital outflow = $.5 trillion. d. a trade deficit and its net capital outflow = -$.5 trillion.