Needs-tested spending is defined as
A) spending by the President on the White House.
B) spending on programs for people qualified to receive benefits.
C) spending that increases in expansions and decreases in recessions.
D) taxes paid by those qualified by their income.
E) spending by Congress on its own perks of office.
B
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Daisy incurs $7,200 per month in fixed costs operating her floral shop. She pays her employees $9.00 per hour and has three assistants, each working 120 hours per month. Her other variable costs are $800 per month. What are Daisy's total variable costs and total costs each month?
a. Total variable costs are $800; total costs are $8,000. b. Total variable costs are $800; total costs are $11,240. c. Total variable costs are $3,240; total costs are $11,240. d. Total variable costs are $4,040; total costs are $11,240.
The difference between the official and correct measures of the deficit will be smaller,
A) the higher is government spending. B) the higher is the level of debt, B. C) the smaller is inflation. D) none of the above