Econ Midterm part 2

Match it! Select the correct answer from the pull down...Good luck!

Which of the following is an example of an incentive?

How is standard of living measured?

Marginal tax and average tax will be the same in what type of tax system?

What type of tax is paid by homeowners?

The general rise in price of goods and services over time is known as...

Which of the following is NOT considered an economic indicator?

A period of at least 6 months during which GDP does not grow is known as...?

If the government spent $43 billion dollars and only collected $40 billion in revenue the government would have a...