Measured as a share of GDP, the borrowing of the federal government from foreigners
a. is zero; the federal government does not borrow from foreigners.
b. is 100 percent; the federal government borrows only from foreigners.
c. has been approximately 50 percent of GDP since the early 1990s.
d. was approximately 10 percent of GDP in 2000, but it soared to 35 percent of GDP in 2012.
D
You might also like to view...
Which combination of monetary and fiscal policies might policymakers elect to ward off a potential recession?
A) Fed sale of bonds combined with tax rate increases B) Fed sale of bonds combined with tax rate decreases C) Fed purchase of bonds combined with tax rate increases D) Fed purchase of bonds combined with tax rate decreases
If the Fed conducts open-market purchases, then which of the following quantities increase(s)?
a. interest rates and investment spending b. interest rates, but not investment spending c. investment spending, but not interest rates d. neither interest rates nor investment spending
There is no role for government in a market capitalist economy.
a. true b. false
Marginal resource cost refers to the:
A. increase in total revenue resulting from the sale of the extra output of one more worker. B. price at which additional units of a resource can be hired in an imperfectly competitive resource market. C. increase in total cost resulting from the production of one more unit of output. D. amount by which a firm's total resource cost increases as the result of hiring one more unit of the resource.