In a closed economy taxes are $750 billion, government transfers are $400 billion, government expenditures are $500 billion, and investment is $400 billion. What are private saving, public saving and national saving?
Private saving is $550 billion, public saving is -$150 billion, and national saving is $400 billion.
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Martha and George have just completed a nasty divorce, and Martha won the lion's share of the settlement. What can we conclude about their lawyers?
A) George's lawyer was productive, Martha's wasn't. B) Martha's lawyer was productive, George's wasn't. C) Both Martha's and George's lawyers were productive. D) Neither lawyer was productive.
Variable costs are
a. costs that vary with output b. equal marginal costs c. not considered in decision-making d. equal to total costs
Which of the following is included in M1?
a. savings accounts b. money market deposit accounts c. money market mutual funds d. travelers' checks e. None of the above are included.
Which of the following countries increased its holding of U.S. government debt by the greatest percentage between 2001 and 2011?
A. The United Kingdom B. Canada C. Saudi Arabia D. China