If we compare the United States to France, we see that potential GDP per person in France is ________ than that in the United States because the French tax wedge is ________ than the U.S. tax wedge.
A) greater; larger
B) greater; smaller
C) less; larger
D) less; smaller
E) none of the above
Correct Answer:
Verified
Q16: Fiscal policy is
A)the use of the federal
Q17: Choose the statement that is incorrect.
A)The federal
Q18: The main components of government revenues are
A)transfer
Q19: Government debt is
A)equal to revenues minus outlays.
B)always
Q20: The largest source of revenues for the
Q22: An increase in income taxes
A)does not affect
Q23: If the nominal interest rate is 11%,
Q24: At the end of 2011, the government
Q25: An income tax cut that provides a
Q26: The Laffer Curve has been criticized by
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