TEST BANK
Macroeconomics, 9th Canadian
Edition by Andrew B. Abel
Complete Chapter Test Bank
are included (Ch 1 to 15)
** Immediate Download
** Swift Response
** All Chapters included
,Table of Contents are given below
1.Introduction to Macroeconomics
2.The Measurement and Structure of the Canadian Economy
3.Productivity, Output, and Employment
4.Consumption, Saving, and Investment
5.Saving and Investment in the Open Economy
6.Long-Run Economic Growth
7.The Asset Market, Money, and Prices
8.Business Cycles
9.The IS–LM–FE Model: A General Framework for Macroeconomic
Analysis
10.Exchange Rates, Business Cycles, and Macroeconomic Policy in
the Open Economy
11.Classical Business Cycle Analysis: Market-Clearing
Macroeconomics
12.Keynesian Business Cycle Analysis: Non–Market-Clearing
Macroeconomics
13.Unemployment and Inflation
14.Monetary Policy and the Bank of Canada
15.Government Spending and Its Financing
,The test bank is organized in reverse order, with the last chapter displayed first, to ensure that all
chapters are included in this document. (Complete Chapters included Ch15-1)
Macroeconomics, Cdn. 9e (Abel et al.)
Chapter 15 Government Spending and Its Financing
15.1 Multiple-Choice Questions
1) Since the 1950s, the share of GDP devoted to government purchases on average in the OECD
countries has
A) steadily increased.
B) steadily decreased.
C) remained fairly steady.
D) increased, but only after recessions.
Answer: C
Diff: 1 Type: MC Page Ref: 506
2) Since the 1950s, transfer payments' share of GDP has
A) steadily increased.
B) steadily decreased.
C) remained fairly steady.
D) increased during Liberal governments and decreased during Conservative governments.
Answer: A
Diff: 1 Type: MC Page Ref: 506
3) Interest payments by the government as a share of GNP have
A) steadily increased.
B) remained fairly steady.
C) increased, but only to reflect changes in nominal interest rates.
D) increased sharply in the early 1930s, the 1940s and in the 1980s-1990s.
Answer: D
Diff: 1 Type: MC Page Ref: 507
4) The largest source of tax receipts for the government is
A) direct taxes from persons.
B) investment income.
C) indirect taxes.
D) direct taxes from enterprises.
Answer: A
Diff: 1 Type: MC Page Ref: 508
5) The type of tax receipts that has shown the largest growth since the end of World War II has
been
A) direct taxes from persons.
B) investment income.
C) indirect taxes.
D) direct taxes from enterprises.
Answer: A
Diff: 1 Type: MC Page Ref: 508
1
, 6) The type of tax receipts that has shown the slowest growth since World War II has been
A) direct taxes from persons.
B) investment income.
C) indirect taxes.
D) direct taxes from enterprises.
Answer: D
Diff: 2 Type: MC Page Ref: 508
7) The total spending by government during a period of time includes
A) government purchases of goods and services.
B) transfer payments.
C) interest payments.
D) all of the above.
Answer: D
Diff: 1 Type: MC Page Ref: 505
8) The main sources of the Canadian government income are
A) direct and indirect taxes.
B) foreign investment.
C) investment income.
D) both A and C.
Answer: D
Diff: 1 Type: MC Page Ref: 507
9) Which of the following is NOT included in the government transfer payments?
A) Old age security payments
B) Foreign aids
C) Employment insurance benefits
D) Intergovernmental payments
Answer: D
Diff: 1 Type: MC Page Ref: 509
10) What portion of government purchases of goods and services is carried out by provincial and
local governments?
A) one-third
B) one-half
C) two-thirds
D) four-fifths
Answer: C
Diff: 1 Type: MC Page Ref: 509
2
Macroeconomics, 9th Canadian
Edition by Andrew B. Abel
Complete Chapter Test Bank
are included (Ch 1 to 15)
** Immediate Download
** Swift Response
** All Chapters included
,Table of Contents are given below
1.Introduction to Macroeconomics
2.The Measurement and Structure of the Canadian Economy
3.Productivity, Output, and Employment
4.Consumption, Saving, and Investment
5.Saving and Investment in the Open Economy
6.Long-Run Economic Growth
7.The Asset Market, Money, and Prices
8.Business Cycles
9.The IS–LM–FE Model: A General Framework for Macroeconomic
Analysis
10.Exchange Rates, Business Cycles, and Macroeconomic Policy in
the Open Economy
11.Classical Business Cycle Analysis: Market-Clearing
Macroeconomics
12.Keynesian Business Cycle Analysis: Non–Market-Clearing
Macroeconomics
13.Unemployment and Inflation
14.Monetary Policy and the Bank of Canada
15.Government Spending and Its Financing
,The test bank is organized in reverse order, with the last chapter displayed first, to ensure that all
chapters are included in this document. (Complete Chapters included Ch15-1)
Macroeconomics, Cdn. 9e (Abel et al.)
Chapter 15 Government Spending and Its Financing
15.1 Multiple-Choice Questions
1) Since the 1950s, the share of GDP devoted to government purchases on average in the OECD
countries has
A) steadily increased.
B) steadily decreased.
C) remained fairly steady.
D) increased, but only after recessions.
Answer: C
Diff: 1 Type: MC Page Ref: 506
2) Since the 1950s, transfer payments' share of GDP has
A) steadily increased.
B) steadily decreased.
C) remained fairly steady.
D) increased during Liberal governments and decreased during Conservative governments.
Answer: A
Diff: 1 Type: MC Page Ref: 506
3) Interest payments by the government as a share of GNP have
A) steadily increased.
B) remained fairly steady.
C) increased, but only to reflect changes in nominal interest rates.
D) increased sharply in the early 1930s, the 1940s and in the 1980s-1990s.
Answer: D
Diff: 1 Type: MC Page Ref: 507
4) The largest source of tax receipts for the government is
A) direct taxes from persons.
B) investment income.
C) indirect taxes.
D) direct taxes from enterprises.
Answer: A
Diff: 1 Type: MC Page Ref: 508
5) The type of tax receipts that has shown the largest growth since the end of World War II has
been
A) direct taxes from persons.
B) investment income.
C) indirect taxes.
D) direct taxes from enterprises.
Answer: A
Diff: 1 Type: MC Page Ref: 508
1
, 6) The type of tax receipts that has shown the slowest growth since World War II has been
A) direct taxes from persons.
B) investment income.
C) indirect taxes.
D) direct taxes from enterprises.
Answer: D
Diff: 2 Type: MC Page Ref: 508
7) The total spending by government during a period of time includes
A) government purchases of goods and services.
B) transfer payments.
C) interest payments.
D) all of the above.
Answer: D
Diff: 1 Type: MC Page Ref: 505
8) The main sources of the Canadian government income are
A) direct and indirect taxes.
B) foreign investment.
C) investment income.
D) both A and C.
Answer: D
Diff: 1 Type: MC Page Ref: 507
9) Which of the following is NOT included in the government transfer payments?
A) Old age security payments
B) Foreign aids
C) Employment insurance benefits
D) Intergovernmental payments
Answer: D
Diff: 1 Type: MC Page Ref: 509
10) What portion of government purchases of goods and services is carried out by provincial and
local governments?
A) one-third
B) one-half
C) two-thirds
D) four-fifths
Answer: C
Diff: 1 Type: MC Page Ref: 509
2
