Question

question 11 (1 point)
inflation is best understood as the rate at which __________.
gross domestic product expands
prices for goods and services increase
the federal government increases taxes to raise revenue
the federal reserve board expands the money supply
question 12 (1 point)
the largest number of americans benefit from which means - tested income security program?
social security
supplemental nutrition assistance program
supplemental security income
temporary assistance for needy families
question 13 (1 point)
economists use the gross domestic product to measure ____________________.
the rate of government spending in the economy
the rate of tariffs applied to goods imported into the united states
the total value added by government expenditures in the economy
the total value of goods and services produced in an area

Explanation:

• Question 11: Inflation is defined as the general increase in the prices of goods and services over time. GDP expansion relates to economic growth, tax increases are a fiscal policy tool, and money - supply expansion by the Fed is a monetary policy action.
• Question 12: The Supplemental Nutrition Assistance Program (SNAP) serves a large number of Americans who meet the means - test (income and asset criteria). Social Security is not means - tested. Supplemental Security Income (SSI) and Temporary Assistance for Needy Families (TANF) have smaller beneficiary bases compared to SNAP.
• Question 13: Gross Domestic Product (GDP) is the total market value of all final goods and services produced within a country (or area) in a given period. It is not about government spending rate, tariffs, or just government - added value.

Answer:

• Question 11: prices for goods and services increase
• Question 12: Supplemental Nutrition Assistance Program
• Question 13: the total value of goods and services produced in an area