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.
D
Economics
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When studying how some event or policy affects a market, elasticity provides information on the
a. change in the costs of production. b. tradeoff between equality and efficiency. c. effect on the budget deficit or surplus. d. direction and magnitude of the effect.
Economics
Poverty rated tend to be higher than average for:
a. those 65 years or older b. those under 18 years c. both of the above d. neither of the above
Economics