The growth-reducing effects of high public debt are transmitted entirely through high real interest rates on that debt
a. True
b. False
Indicate whether the statement is true or false
False
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Do deficits lead to inflation?
What will be an ideal response?
An annual household income of $19,000 would not be in the lowest quintile in 2005
Indicate whether the statement is true or false
The most commonly used metric for measuring the value of a national economy is:
A. gross domestic product, or GDP. B. gross national product, or GNP. C. gross national income, or GNI. D. gross domestic income, or GDI.
Outsourcing refers to the process in which: a. a firm purchases service from another firm in another country. b. a firm hires laborers from a foreign market. c. the government of a country works toward providing social security and other rights to migrant workers. d. a firm purchases service from another firm
e. workers of a particular country seek employment in a firm of a foreign country.