Table 151 The Data in the Table Represents Budget Figures for the \\
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question 47

Multiple Choice

Table 15.1
$\begin{array}{l|r}\text { Federal govermment purchases of } & \\\text { goods and services } & \$ 455 \text { million } \\\hline \text { Transfer payments } & \$ 85 \text { million } \\\hline \text { Tax revenue } & \$ 405 \text { million } \\\hline \text { Interest payment on existing debt } & \$ 60 \text { million } \\\hline \text { Seigniorage } & \$ 10 \text { million } \\\hline \text { Newly-issued government bonds } & \$ 185 \text { million }\end{array}$
The data in the table represents budget figures for the nation of Arugula for 2012.
-Refer to Table 15.1.The sources of government funds for Arugula in 2012 total

• A) $135 million.
• B) $195 million.
• C) $380 million.
• D) $600 million.

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Definitions:

Variable Input

Any resource used in production whose quantity can be changed in the short term to increase or decrease output.

Marginal Revenue Product Curve

A graphical representation showing how the additional revenue generated by employing one more unit of a resource varies with the quantity of the resource employed.

Marginal Revenue Product Curve

A graphical representation showing how the revenue generated from selling an additional unit of output changes as more of the output is produced.

Wage Rate

The amount of compensation paid to an employee by an employer for a unit of time worked, which can be expressed per hour, day, or other time unit.