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ECON MIDTERM # 2
| Question | Answer |
|---|---|
| If a corporation has $200 million in common stock, $300 million in preferred stock and $500 million in bond... theoretically how much would it take to control this corporation A.$200 million, B.$100 million, C $500 million, D. $1 billion, E. none of these | E. none of these |
| If a corporation has $200 million in common stock, $300 million in preferred stock and $500 million in bond...A. 10 million and 1 billion, B. 200 million, and 500 million, C.100 million and 1 billion, D. 500 million and 1 billion | A. 10 million and 1 billion |
| What are the legal/ financial responsibilities and tax responsibilities respectively of a sole proprietorship? | 100% and income tax |
| Economic roles of our government include: A. taxing, B. Spending, C. Regulating, D, redistributing, E. all of these? | All of these |
| In the year of 2011, the USA federal spending is close to 4 trillion dollars, how much is the tax revenue about: | 3T |
| Our projected estimate of the federals spending for interest payment in the year of 2049 is about______of the total spending | 26% |
| Are cigarettes kind of ____ and____taxed | indirect, and regressive tax |
| If truongson Bon-Tai taxable income rose from 40,000 to 60,000 and his tax bill rose from 4,600 to 7,200, how much is his marginal tax rate | 26% |
| The USA affluent taxpayers paid a marginal tax rate of just 35% in 2008, while Japanese's rate was about___ and people of Denmark's rate was ___ respectively. | 50%, 59% |
| Since ___, USA's et exports have been____ | 1975, negative |
| NAFTA is an international organization that compromises of: | USA, Canada, and Mexico |
| EU does include this country: china, russia, japan, brazil, none of these? | None of these |
| ASEAN includes | cambodia, laos and vietnam |
| In trade___, the export will be ____ than the import | Surplus, bigger |
| given: C=67%, G= 25%, and I=14% of GDP what is the percent of GDP is Xn | -6% smaller |
| Given the following information, calculate the disposable income respectively: GDP= 10 trillion, Indirect business taxes=600 billion, Income tax=2.5 trillion, and depreciation= 800 billion | 6.1 trillion and 8.6 trillion |
| in a base year, the gap deflator will equal: | 100 |
| what do you call when the level of the third business cycle is higher than the first one? | prosperity |
| n jan 2011, the CA unemployment was ____ higher than the national unemployment rate and about ____%, respectively | higher than, 12 |
| what is says law? | supply creates its own demand |
| the potential output is also known as | LRAS |
| which question did keynes pose for the classical econimist> | what if savings and investment were not equal? |
| our economy is always tending towards full employment according to | the classical economists |
| Laissez- faire economics was advocated by | the classical, but not by keynes |
| the isa national debt is about | 16000B |
| Fiscal policy deals with each of the following, except | the money supply |
| who makes the national budget in the USA | president and law makers |
| if the national revenues are smaller than the government spending in a year, then we will have: | budget deficit |
| for 2012, the USAs budget deficit is close to | 1 T |
Created by:
laraa391
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