The national debt
A) The year-end national debt is equal to the debt at the beginning of the year plus the deficit..
B) Grew substantially during the 2007-2009 recession.
C) Is equal to total public and private debt.
D) All of the above.
Answer: D
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The official unemployment rate disguises the extent of the unemployment problem because: a. children are not counted as unemployed
b. retired persons are not counted as unemployed. c. full-time students are not counted as unemployed. d. discouraged workers are counted as unemployed. e. people overqualified for their current job are not considered unemployed.
Money that some authority has declared legal tender is called
A) fiat money. B) currency. C) convertible paper money. D) commodity money.Q
A change in the price of a good causes
A. an increase in demand and a decrease in supply. B. an increase in supply. C. a decrease in supply. D. a change in quantity supplied.
Refer to the data provided in Table 17.1 below to answer the following question(s). The table shows the relationship between income and utility for Jane.Table 17.1 IncomeTotal Utility $00$20,00025$40,00045$60,00060$80,00070Refer to Table 17.1. Suppose Jane has a 1/3 chance of becoming disabled in any given year. If she does become disabled, she will earn $0. If Jane does not become disabled, she will earn her usual salary of $60,000. Jane has the opportunity to purchase disability insurance which will pay her her full salary in the event she becomes disabled. How much would such an insurance policy be worth to Jane?
A. $0 B. $20,000 or less C. more than $20,000 but less than $40,000 D. $40,000 or more