Question 1 In 1965, foreign holdings of the U.S. national debt amounted to about
ID: 2505357 • Letter: Q
Question
Question 1 In 1965, foreign holdings of the U.S. national debt amounted to about ____ of the outstanding debt; today this figure has risen to about ____.1%; 10% 1%; 20% 5%; 20% 5%; 30% 5%; 50%
Question 2 When the price level increases, the effect of a change in government spending on real GDP is understated.
True False
Question 3 In 2010, the U.S. national debt was approximately
$14 trillion. $323 billion. $3 trillion. $384 million. zero.
Question 4 Some countries rely strictly on a VAT for government revenue.
True False
Question 5 The majority of the government's tax revenue comes from corporate income taxes.
True False
Question 6 Government in developing countries is less likely to pay for schools and hospitals than government in industrial countries.
True False
Question 7 Value-added taxes and excise taxes constitute a direct tax.
True False
Question 8 Which of the following would not be considered an indirect tax?
A value-added tax A tax on exported wheat A tax on imported automobiles A tax on a computer manufacturer A sales tax on cigarettes
Question 9 The government surpluses in the late 1990s were largely the result of strong economic growth.
True False
Question 10 Federal government spending as a percentage of GDP reached its peak in the late 1980s.
True False Question 1 In 1965, foreign holdings of the U.S. national debt amounted to about ____ of the outstanding debt; today this figure has risen to about ____.
1%; 10% 1%; 20% 5%; 20% 5%; 30% 5%; 50% In 1965, foreign holdings of the U.S. national debt amounted to about ____ of the outstanding debt; today this figure has risen to about ____.
1%; 10% 1%; 20% 5%; 20% 5%; 30% 5%; 50% 1%; 10% 1%; 20% 5%; 20% 5%; 30% 5%; 50%
Question 2 When the price level increases, the effect of a change in government spending on real GDP is understated.
True False
Question 2 When the price level increases, the effect of a change in government spending on real GDP is understated.
True False
Question 2 When the price level increases, the effect of a change in government spending on real GDP is understated.
True False When the price level increases, the effect of a change in government spending on real GDP is understated.
True False True False
Question 3 In 2010, the U.S. national debt was approximately
$14 trillion. $323 billion. $3 trillion. $384 million. zero.
Question 3 In 2010, the U.S. national debt was approximately
$14 trillion. $323 billion. $3 trillion. $384 million. zero.
Question 3 In 2010, the U.S. national debt was approximately
$14 trillion. $323 billion. $3 trillion. $384 million. zero. In 2010, the U.S. national debt was approximately
$14 trillion. $323 billion. $3 trillion. $384 million. zero. $14 trillion. $323 billion. $3 trillion. $384 million. zero.
Question 4 Some countries rely strictly on a VAT for government revenue.
True False
Question 4 Some countries rely strictly on a VAT for government revenue.
True False
Question 4 Some countries rely strictly on a VAT for government revenue.
True False Some countries rely strictly on a VAT for government revenue.
True False True False
Question 5 The majority of the government's tax revenue comes from corporate income taxes.
True False
Question 5 The majority of the government's tax revenue comes from corporate income taxes.
True False
Question 5 The majority of the government's tax revenue comes from corporate income taxes.
True False The majority of the government's tax revenue comes from corporate income taxes.
True False True False
Question 6 Government in developing countries is less likely to pay for schools and hospitals than government in industrial countries.
True False
Question 6 Government in developing countries is less likely to pay for schools and hospitals than government in industrial countries.
True False
Question 6 Government in developing countries is less likely to pay for schools and hospitals than government in industrial countries.
True False Government in developing countries is less likely to pay for schools and hospitals than government in industrial countries.
True False True False
Question 7 Value-added taxes and excise taxes constitute a direct tax.
True False
Question 7 Value-added taxes and excise taxes constitute a direct tax.
True False
Question 7 Value-added taxes and excise taxes constitute a direct tax.
True False Value-added taxes and excise taxes constitute a direct tax.
True False True False
Question 8 Which of the following would not be considered an indirect tax?
A value-added tax A tax on exported wheat A tax on imported automobiles A tax on a computer manufacturer A sales tax on cigarettes
Question 8 Which of the following would not be considered an indirect tax?
A value-added tax A tax on exported wheat A tax on imported automobiles A tax on a computer manufacturer A sales tax on cigarettes
Question 8 Which of the following would not be considered an indirect tax?
A value-added tax A tax on exported wheat A tax on imported automobiles A tax on a computer manufacturer A sales tax on cigarettes Which of the following would not be considered an indirect tax?
A value-added tax A tax on exported wheat A tax on imported automobiles A tax on a computer manufacturer A sales tax on cigarettes A value-added tax A tax on exported wheat A tax on imported automobiles A tax on a computer manufacturer A sales tax on cigarettes
Question 9 The government surpluses in the late 1990s were largely the result of strong economic growth.
True False
Question 9 The government surpluses in the late 1990s were largely the result of strong economic growth.
True False
Question 9 The government surpluses in the late 1990s were largely the result of strong economic growth.
True False The government surpluses in the late 1990s were largely the result of strong economic growth.
True False True False
Question 10 Federal government spending as a percentage of GDP reached its peak in the late 1980s.
True 1%; 10%
Explanation / Answer
1. E
2. F
3.A
4.T
5.F
6 T
7. F
8. D
9. T
10. F
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