If a person is concerned that an additional $1,000 income will move him/her into a new tax bracket, that person is worried about the:

Both the value of hamburgers sold by a restaurant and the value of the beef it used to make these hamburgers are included in GDP

a. True b. False Indicate whether the statement is true or false

The multiplier effect

a. and the crowding-out effect both amplify the effects of an increase in government expenditures. b. and the crowding-out effect both diminish the effects of an increase in government expenditures. c. diminishes the effects of an increase in government expenditures, while the crowding-out effect amplifies the effects. d. amplifies the effects of an increase in government expenditures, while the crowding-out effect diminishes the effects.