Refer to Table 15.1. The primary budget deficit for Arugula in 2012 is
A) $135 million.
B) $195 million.
C) $380 million.
D) $600 million.
A
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When the cost of borrowing funds which is stated on a loan is adjusted for the effects of inflation, the resulting interest rate is called the
A) prime interest rate. B) nominal interest rate. C) real interest rate. D) core PCE interest rate.
If a merger allows managers to reduce duplicate operations, the merger ________.
A) created synergies B) eliminated the hold-up problem C) created technological interdependencies D) created managerial diseconomies
The set of skills, knowledge, experience, and talent that determine people's productivity as workers is called:
A. physical capital. B. investment. C. human capital. D. educational training.
The open-economy multiplier ________ the closed-economy multiplier.
A. is smaller than B. equals C. is larger than D. It can be smaller or larger than the closed-economy multiplier, depending on the size of MPM and MPC.