How do recent current account deficits compare to GNP and to past ratios?
What will be an ideal response?
It is over 6 percent of GNP, much larger than it has been in the past, and the percentage has grown sharply over the last few years.
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Following are the controversies over how poverty should be measured, except:
a. government transfers and other programs are not properly taken into account in the measures of poverty. b. the poverty measures do not distinguish among the needs of different individuals. c. the concept of poverty line does not draw any distinction between income and purchasing power. d. the concept of poverty line does not take into account the expenditure on food by each family. e. the income generated in the underground economy are not taken into account.
A measure comparing the prices of consumer goods and services that a household purchases to the prices of those goods and services purchased in a base year is the
a. Consumer Price Index b. Consumer Deflator Index c. GDP Price Deflator d. Producer Price Index e. Consumer Price Deflator
If a country imposes a tariff on some good, then which of the following curves shifts right?
a. both the demand for loanable funds and demand in the market for foreign-currency exchange. b. the demand for loanable funds and demand in the market for foreign-currency exchange. c. demand in the market for foreign-currency exchange but not the demand for loanable funds. d. neither the demand for loanable funds nor demand in the market for foreign-currency exchange.
Many of the states that expanded Medicaid coverage to meet the criteria of the Affordable Care Act did not expect:
a. Congress to change the federal matching assistance percentage on new enrollees who were eligible under previous standards but had not enrolled. b. the large interstate migration of new enrollees from non-expansion states. c. the large increase in the number of new enrollees already eligible under previous standards. d. the increase in the number of physicians willing to accept new Medicaid patients.