A program under which the government gives all citizens a substantial lump sum payment that is financed by a tax earned income is termed a(n):
A. unearned income tax credit.
B. in-kind transfer.
C. positive income tax.
D. negative income tax.
Answer: D
Economics
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A public good is:
A. rival in consumption and excludable. B. not rival in consumption and not excludable. C. not rival in consumption, but excludable. D. rival in consumption, but not excludable.
Economics
Real GDP differs from nominal GDP in that nominal GDP measures
A. output adjusted for inflation. B. real output of goods and services. C. output of goods and services at current prices. D. real income adjusted for changes in the price level.
Economics