The GDP of the United States includes production by foreign-…

The federal income tax system is regressive.

In economics, a public good

If production in the economy is efficient, then changes in m…

In economics, a public good

An inflation goal set at a low rate but greater than zero al…

Governments usually build highways because it is difficult t…

If a nation experiences a year of unusually high immigration…

An inflation goal set at a low rate but greater than zero al…

In real terms, the cost of government spending is measured b…