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Macroeconomics Private and Public Choice 16th Edition by James D. Gwartney - Test Bank
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Test Bank For Macroeconomics Private and Public Choice 16th Edition by James D. Gwartney
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,1. Government expenditures as a share of the U.S. economy area. the largest in the world.
b. the smallest in the world.
c. smaller than most Western European countries but larger than a number of high-growth Asian economies.
d. larger than Canada, France, and the United Kingdom but slightly smaller than Germany and Italy.
ANSWER: c
POINTS: 1
DIFFICULTY: Moderate
QUESTION TYPE: Multiple Choice
HAS VARIABLES: False
NATIONAL STANDARDS: United States - BUSPROG: Analytic - BUSPROG: Analytic
STATE STANDARDS: United States - AK - DISC: The role of government
TOPICS: Quiz-Size of Government: A Cross-Country Comparison
KEYWORDS: Bloom's: Comprehension
OTHER: Suggested Quiz
DATE CREATED: 5/19/2016 3:10 PM
DATE MODIFIED: 5/19/2016 3:10 PM
2. Compared to the situation prior to 1980, the top marginal personal income tax rate imposed on the rich is now
substantially
a. lower and so is the share of the revenue collected from them.
b. higher and so is the share of the revenue collected from them.
c. lower, but the share of the revenue collected from them is now higher.
d. higher, but the share of the revenue collected from them is now lower.
ANSWER: c
POINTS: 1
DIFFICULTY: Moderate
QUESTION TYPE: Multiple Choice
HAS VARIABLES: False
NATIONAL STANDARDS: United States - BUSPROG: Analytic - BUSPROG: Analytic
STATE STANDARDS: United States - AK - DISC: The role of government
TOPICS: Quiz-How Has the Structure of the Personal Income Tax Changed?
KEYWORDS: Bloom's: Comprehension
OTHER: Suggested Quiz
DATE CREATED: 5/19/2016 3:10 PM
DATE MODIFIED: 5/19/2016 3:10 PM
3. How much does it cost to tax a dollar of revenue away from the private sector and transfer it to the government to
finance a government program?
a. One dollar.
b. Less than one dollar because the administration of and compliance with the tax laws creates jobs for people.
c. More than a dollar because collection of the taxes requires resources that would otherwise be available for
private sector production.
d. More than a dollar because of the excess burden resulting from the elimination of productive exchanges by
the taxes.
e. Both c and d are correct.
Copyright Cengage Learning. Powered by Cognero. Page 1
,ANSWER: e
POINTS: 1
DIFFICULTY: Moderate
QUESTION TYPE: Multiple Choice
HAS VARIABLES: False
NATIONAL STANDARDS: United States - BUSPROG: Analytic - BUSPROG: Analytic
STATE STANDARDS: United States - AK - DISC: The role of government
TOPICS: Quiz-Taxes and the Cost of Government
KEYWORDS: Bloom's: Comprehension
OTHER: Suggested Quiz
DATE CREATED: 5/19/2016 3:10 PM
DATE MODIFIED: 12/20/2016 8:45 PM
4. Since 1960, the share of federal spending allocated to national defense
a. declined sharply, while the share allocated to health care increased substantially.
b. rose sharply, while the share allocated to health care declined substantially.
c. was relatively constant, while the share allocated to health care declined modestly.
d. declined modestly, while the share allocated to health care was relatively constant.
ANSWER: a
POINTS: 1
DIFFICULTY: Easy
QUESTION TYPE: Multiple Choice
HAS VARIABLES: False
NATIONAL STANDARDS: United States - BUSPROG: Analytic - BUSPROG: Analytic
STATE STANDARDS: United States - AK - DISC: The role of government
TOPICS: Quiz-Government Expenditures
KEYWORDS: Bloom's: Knowledge
OTHER: Suggested Quiz
DATE CREATED: 5/19/2016 3:10 PM
DATE MODIFIED: 12/21/2016 11:13 AM
5. Real (adjusted for inflation) federal spending per person in the United States
a. has increased by approximately 10 percent per decade during the last 225 years.
b. increased more rapidly during the nineteenth century than during the twentieth century.
c. was approximately 75 times the level of 1916 in recent years.
d. increased rapidly during the first half of the twentieth century but has changed very little since 1950.
ANSWER: c
POINTS: 1
DIFFICULTY: Moderate
QUESTION TYPE: Multiple Choice
HAS VARIABLES: False
NATIONAL STANDARDS: United States - BUSPROG: Analytic - BUSPROG: Analytic
STATE STANDARDS: United States - AK - DISC: The role of government
TOPICS: Quiz-Government Expenditures
KEYWORDS: Bloom's: Knowledge
Copyright Cengage Learning. Powered by Cognero. Page 2
, OTHER: Suggested Quiz
DATE CREATED: 5/19/2016 3:10 PM
DATE MODIFIED: 12/21/2016 11:16 AM
6. Total government spending (federal, state, and local) sums to approximately
a. 10 percent of the U.S. economy.
b. 20 percent of the U.S. economy.
c. 40 percent of the U.S. economy.
d. 50 percent of the U.S. economy.
ANSWER: c
POINTS: 1
DIFFICULTY: Moderate
QUESTION TYPE: Multiple Choice
HAS VARIABLES: False
NATIONAL STANDARDS: United States - BUSPROG: Analytic - BUSPROG: Analytic
STATE STANDARDS: United States - AK - DISC: The role of government
TOPICS: Government Expenditures
KEYWORDS: Bloom's: Knowledge
DATE CREATED: 5/19/2016 3:10 PM
DATE MODIFIED: 5/19/2016 3:10 PM
7. Measured as a share of the economy, government spending
a. has been between 10 and 15 percent of the U.S. economy since 1930.
b. has been between 20 and 25 percent of the U.S. economy since 1930.
c. rose from less than 10 percent in 1929 to approximately 40 percent in the most recent fiscal year.
d. declined from more than 50 percent in 1929 to approximately 25 percent in the most recent fiscal year.
ANSWER: c
POINTS: 1
DIFFICULTY: Moderate
QUESTION TYPE: Multiple Choice
HAS VARIABLES: False
NATIONAL STANDARDS: United States - BUSPROG: Analytic - BUSPROG: Analytic
STATE STANDARDS: United States - AK - DISC: The role of government
TOPICS: Government Expenditures
KEYWORDS: Bloom's: Knowledge
DATE CREATED: 5/19/2016 3:10 PM
DATE MODIFIED: 12/21/2016 11:17 AM
8. Government expenditures for Social Security and unemployment benefits are examples of
a. government consumption.
b. government investment.
c. government purchases.
d. transfer payments.
ANSWER: d
POINTS: 1
Copyright Cengage Learning. Powered by Cognero. Page 3
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