The Nonpartisan Congressional Budget Office Estimated That the American Recovery

question 49

Multiple Choice

The nonpartisan Congressional Budget Office estimated that the American Recovery and Reinvestment Act of 2009

• A)increased the number of full-time jobs by about 3.6 million.
• B)increased the number of full-time jobs by about 500,000.
• C)had no effect on the overall number of full-time jobs in the United States.
• D)decreased the number of full-time jobs by about 500,000.

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Definitions:

Consolidation Method

An accounting method used when a parent company includes the financials of its subsidiary into its own financial statements.

Unrealized Profits

Profits that have been earned on paper through an investment's increased value but have not yet been realized through a sale.

After-Tax Dollar Value

The net value of an investment or income after all applicable taxes have been subtracted.

Tax Rate

The percentage at which an individual or corporation is taxed by the government on income or profits.