Refer to Figure 4-8. Suppose that instead of a rent ceiling, the government imposed a price floor of $2,000 per month for apartments. What is the value of consumer surplus after the imposition of the price floor?

In the United States, over the past 40 years federal revenues as a share of gross domestic product have

A) risen steadily and now are about 40 percent. B) fallen below 10 because of rapid economic growth. C) been limited by law to no more than 20 percent. D) ranged between 17 and 19 percent.

Which of the following is not a developing country classified as a high-income economy because of possessing huge oil reserves?

a. United Arab Emirates b. Chad c. Qatar d. Kuwait e. Bahrain