AP (Advanced Placement) Macroeconomics: Questions 661 - 664 of 750

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Question 661

Question

MCQ▾

What are the final goods?

Choices

Choice (5)Response

a.

The goods that are for resale

b.

The goods which are used for final use

c.

Intermediate goods

d.

Primary goods

e.

Question does not provide sufficient data or is vague

Question 662

Question

MCQ▾

Jason earns $ 1,000 a week and pays a total of $ 200 in taxes. Jennifer earns $ 2,000 a week and pays a total of $ 300 in taxes. We can conclude from this information that their income is taxed with a (n)

Choices

Choice (5)Response

a.

regressive tax.

b.

proportional tax.

c.

tax bracket.

d.

egalitarian tax.

e.

progressive tax.

Question 663

Question

MCQ▾

Which of the following would likely slow a nation՚s economic growth?

Choices

Choice (5)Response

a.

Removal of a tax on income earned on saving.

b.

Removal of the investment tax credit.

c.

Conservation policies to manage the renewable harvest of timber.

d.

More research grants given to medical schools.

e.

Guaranteed low-interest loans for college students.

Question 664

Question

MCQ▾

In a long period of economic expansion the tax revenue collected ________ and the amount spent on welfare programs________, creating a budget________.

Choices

Choice (5)Response

a.

Decreases, increases, deficit

b.

Decreases, decreases, surplus

c.

Increases, decreases, deficit

d.

Increases, decreases, surplus

e.

Increases, increases, surplus

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