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Homework answers / question archive / 1) The average U

1) The average U

Economics

1) The average U.S. citizens' share of the government debt represents less than 2 percent of a person's lifetime income.

True

False

2) Which of the following would likely increase private saving?

A) expansion of IRA type accounts, but not a consumption tax.

B) a consumption tax, but not expansion of IRA type accounts

C) both expansion of IRA type accounts and a consumption tax

D) neither expansion of IRA type accounts nor a consumption tax.

3) If real output grows at 3 percent per year and the inflation rate is 3 percent per year then government debt can grow by 6 percent per year and not increase the ratio of debt to income

True

False

4) If the MPC = 0.75, then the government purchases multiplier is about

a.

1.33.

  b.

4.

  c.

3.

  d.

7.

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