A you transfer 1000 from your bank account to a

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a. You transfer $1,000 from your bank account to a mutual fund. b. The government sends your grandfather his Social Security check. c. The bank transfers $10 in quarterly interest to your savings account. d. Your employer automatically transfers $100 each month from your wages to a non-taxable medical spending account. ANS: B DIF: 2 REF: 23-3
NAT: Analytic LOC: The study of economics and definitions of economics TOP: Transfer payments MSC: Applicative 40. Social Security payments are DIF: 2 REF: 23-3
NAT: Analytic LOC: The study of economics and definitions of economics TOP: Transfer payments MSC: Applicative
Chapter 23 /Measuring a Nation's Income 1594 41. Unemployment compensation is DIF: 2 REF: 23-3
NAT: Analytic LOC: The study of economics and definitions of economics TOP: Transfer payments MSC: Applicative 42. To encourage formation of small businesses, the government could provide subsidies; these subsidies DIF: 2 REF: 23-3
NAT: Analytic LOC: The study of economics and definitions of economics TOP: Transfer payments MSC: Applicative 43. After the terrorist attacks on September 11, 2001, governments within the United States raised expenditures to increase security at airports. These purchases of goods and services are a. not included in GDP since they do not represent production. b. not included in GDP since the government collects taxes to pay for them. c. included in GDP since government expenditures on goods and services are included in GDP. d. included in GDP only to the extent that the federal government, rather than state or local governments, paid for them. ANS: C DIF: 2 REF: 23-3
NAT: Analytic LOC: The study of economics and definitions of economics TOP: Government purchases MSC: Applicative 44. Which of the following items is counted as part of government purchases?

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