The share of GDP going to federal taxes
a. has been about 16 to 20 percent for the past 40 years.
b. has been about 35 percent for the past 40 years.
c. was about 40 percent until the early 1980s and has dropped greatly since then.
d. has risen steadily in the past 40 years to about 35 percent.
a
Economics
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The slope of the consumption function is
A) equal to the MPC and is equal to 1. B) not equal to the MPC and is equal to 1. C) equal to the MPC and is less than 1. D) equal to the MPC and is greater than 1. E) not equal to the MPC and is less than 1.
Economics
The multiple changes in income and output that results from a change in autonomous expenditure is called the multiplier
Indicate whether the statement is true or false
Economics