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

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Definitions:

Capacity Utilization

The percentage of a firm's or nation's total production capacity that is actually being used over a specific time period.

Passive Resource

A passive resource refers to an economic asset that requires no active management or labor input to generate income or value.

Capital

Assets or resources that are used to generate income or make an investment, including buildings, machinery, and equipment.

Office Buildings

Structures designed and used primarily for hosting business offices and other professional or administrative services, ranging from small single-tenant buildings to large skyscrapers.