Within the balance of payments, a current account deficit is offset by a:
A) financial account deficit.
B) financial account surplus.
C) budget deficit.
D) budget surplus.
B
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Refer to the scenario above. Which of the following will happen if she puts him into a day care?
A) The country's GDP will decrease by $12,000. B) The country's GDP will increase by $12,000. C) The country's GDP will remain unchanged. D) The country's trade deficit will increase by $12,000.
One of the areas Macroeconomics deals with is
a. electricians' wage rates b. monopolistic pricing c. price of automobiles d. general price level
About 35,000 general aviation multiengine airplanes are licensed to operate in the United States. If an additional $1,000-per-year tax was levied on each plane to raise general revenue, economic thinking suggests the
a. annual revenue from this tax would be less than $35,000,000. b. annual revenue from this tax would be $35,000,000. c. annual revenue from this tax would be more than $35,000,000. d. number of airplanes would increase dramatically.
Excess demand results in a surplus.
Answer the following statement true (T) or false (F)