One of the consequences of the overstatement of the CPI is that
A. the poverty line is lower than it would otherwise be.
B. Social Security payments are lower than they would otherwise be.
C. Social Security taxes are higher than they would otherwise be.
D. personal income taxes are higher than they would otherwise be.
Answer: C
Economics
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Assume that employment decreases by 3%. Holding all other factors constant, we know with certainty that which of the following will occur?
A) output will decrease by 3% B) output per capita will decrease by 3% C) output will decrease by less than 3% D) the capital labor ratio will decrease E) none of the above
Economics
If a nation imports more than it exports, then its net exports are:
a. positive. b. negative. c. zero. d. unstable.
Economics