Which of the following is true?
A. The United States spends more as a percentage of GDP than any other nation on foreign aid.
B. The largest federal government purchase of goods and services is Social Security.
C. Government purchases, but not transfer payments, are counted in Gross Domestic Product (GDP).
D. Net interest on the national debt is only one percent of total federal government spending.
C. Government purchases, but not transfer payments, are counted in Gross Domestic Product (GDP).
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Does a stock certificate or a bond represent ownership of a company and a claim on its profits?
What will be an ideal response?
To lower long-term interest rates, in 2010 the Fed started its new open market operation program to purchase
A) mortgage-backed securities. B) commercial papers. C) long-term Treasuries. D) Treasury bills and Treasury notes.
If the quantity demanded exceeds the quantity supplied in a market, then the result is which of the following?
a. Deadweight loss b. Inefficiency c. Underproduction d. Each of these are true.
A shift in aggregate supply is likely to:
a) Reduce the general price level and reduce national income b) Reduce the general price level and increase national income c) Increase the general price level and reduce national income d) Increase the general price level and increase national income