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1. Which of the following represents the tax rate on wages? a. tt b. CP C. G d. SNt 2. The general version of the
1. Which of the following represents the tax rate on wages? a. tt b. CP C. G d. SNt 2. The general version of the government budget constraint is a. T. WID, (1 + 5)N, = Cp + w. DISN, + Gi+1. b. T, W, D, (1 + 5)N, + C$ = w,DISN, + Gi+1 C. T, WIDI (1 + 5) N, + WIDISN, = Cp + G+1 d. w. D. Ni (t, (1 +5) +5) = Cp + G+1 3. When government is added to the overlapping-generations model, the labor productivity index is written as a. b. gt c. Etgt d. Egt 4. When government is added to the overlapping-generations model, household saving is a. 1+ B b. B (1 - It ) WIDI 1 + 8 1 C. - WD 1 + B d. 1 (1- It ) WDt 1 + B 5. When government is added to the overlapping-generations model, output per worker in the economy is a. AE,gu(1-a)ka / (1+5) b. AErg1 H(1-a) ka c. (1-a) AE gull-a)ka d. aAgu(1-a)ka-1
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