Solved

Consider the Following National Data: Tax Revenues as a Percentage

Question 146

Multiple Choice

Consider the following national data: tax revenues as a percentage of GDP: 25 percent; government spending as a percentage of GDP: 31 percent; unemployment rate: 9 percent; inflation rate: 6 percent.What is the misery index for this nation?


A) 15 percent
B) 31 percent
C) 34 percent
D) 53 percent

Correct Answer:

verifed

Verified

Unlock this answer now
Get Access to more Verified Answers free of charge

Related Questions

Q22: In the extended AD-AS model, the long-run

Q40: In terms of aggregate supply, the difference

Q91: According to the simple extended AD-AS model,

Q141: Stagflation refers to<br>A)an increase in inflation accompanied

Q144: The economy enters the long-run once<br>A)nominal wages

Q145: According to the simple extended AD-AS model,

Q149: When the rate of inflation is decreasing,

Q150: If the expected rate of inflation rises,

Q151: (Consider This) The ideas of economist Arthur

Q235: According to the simple extended AD-AS model,