Which of the Following Is Important to Determine the Size

question 6

Multiple Choice

Which of the following is important to determine the size and cost of government programs?

• A) The number of people living in poverty.
• B) The number of people paying general revenue taxes.
• C) The number of people receiving unemployment compensation.
• D) The number of people paying into the social security taxes.
• E) The percentage of those over 60 who receive social security checks.

---

Definitions:

Product Price

The amount of money required to purchase a good or service, determined by factors such as cost of production, market demand, and competition.

Imperfectly Competitive

Characterizes markets where individual sellers can influence prices and products, unlike in perfectly competitive markets.

Marginal Revenue Product

The additional revenue generated from employing one more unit of a resource.