The correct response is:
state and local governments
and
federal government only
Payroll taxes are collected by both federal and state governments. Some local governments may also have payroll taxes, depending on the jurisdiction.
Which of the following collects payroll tax?
...
(1 point)
Responses
state and local governments
state and local governments
federal government only
federal government only
state government only
state government only
local and federal governments
9 answers
How do economists calculate gross domestic product (GDP)?
(1 point)
Responses
by adding up all the taxes collected by federal and state governments during one year
by adding up all the taxes collected by federal and state governments during one year
by adding up all of the products consumed within a nation during one year
by adding up all of the products consumed within a nation during one year
by adding up all the goods and services produced within a country during one year
by adding up all the goods and services produced within a country during one year
by adding up all the jobs that were added to a country’s economy during one year
by adding up all the jobs that were added to a country’s economy during one year
(1 point)
Responses
by adding up all the taxes collected by federal and state governments during one year
by adding up all the taxes collected by federal and state governments during one year
by adding up all of the products consumed within a nation during one year
by adding up all of the products consumed within a nation during one year
by adding up all the goods and services produced within a country during one year
by adding up all the goods and services produced within a country during one year
by adding up all the jobs that were added to a country’s economy during one year
by adding up all the jobs that were added to a country’s economy during one year
The correct response is:
by adding up all the goods and services produced within a country during one year.
GDP is a measure of the economic performance of a country, and it is calculated by adding the total value of all finished goods and services produced within a nation's borders in a specific time period, typically a year.
Which of the following can trigger inflation?
(1 point)
Responses
The government allows people to start printing their own money.
The government allows people to start printing their own money.
The government doesn’t make enough money.
The government doesn’t make enough money.
The government prints too much money.
The government prints too much money.
The government spends as much money as it makes.
(1 point)
Responses
The government allows people to start printing their own money.
The government allows people to start printing their own money.
The government doesn’t make enough money.
The government doesn’t make enough money.
The government prints too much money.
The government prints too much money.
The government spends as much money as it makes.
The correct response is:
The government prints too much money.
When a government prints an excessive amount of money without a corresponding increase in the production of goods and services, it can lead to inflation. This is because more money in circulation can lead to increased demand for goods and services, which may outpace supply, resulting in higher prices.
Which of the following is an example of an ownership investment?
(1 point)
Responses
stocks
stocks
bonds
bonds
money market funds
money market funds
savings accounts
(1 point)
Responses
stocks
stocks
bonds
bonds
money market funds
money market funds
savings accounts
The correct response is:
stocks
Stocks represent ownership in a company. When you buy stocks, you purchase a share of ownership in that company. Bonds, money market funds, and savings accounts are considered different types of investments or savings vehicles, but they do not represent ownership in a business. Bonds are a form of debt investment, while money market funds and savings accounts are more about preserving capital and earning interest.
To what do the terms non-revolving and revolving refer?
(1 point)
Responses
checking accounts
checking accounts
credit
credit
loans
loans
bankruptcy
(1 point)
Responses
checking accounts
checking accounts
credit
credit
loans
loans
bankruptcy
The correct response is:
credit
In the context of credit, "revolving" refers to credit accounts, like credit cards, where you can borrow up to a certain limit and as you pay off the balance, you can borrow again. "Non-revolving" refers to credit accounts, such as personal loans, where you borrow a fixed amount and pay it back in installments. Once the loan is paid off, you cannot borrow again without applying for a new loan.
1 answer