If decreased government borrowing drives down real interest rates in the United States,
a. private investment will tend to decline.
b. the dollar will depreciate leading to an increase in net exports.
c. an inflow of capital will cause the dollar to depreciate.
d. All of the above are true.
B
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Using the rule of 70, if the GDP per capita growth rate in the United States is 4.4 percent, real GDP per capita doubles every
A) 6.72 years. B) 15.91 years. C) 44 years. D) 65.6 years.
"A competitive market achieves economic efficiency by maximizing the sum of consumer surplus and producer surplus." This statement
A) is true only if there are no positive or negative externalities in the market. B) is true only if there are positive externalities in production in the market. C) is true in theory, but economic efficiency cannot be achieved in a real market. D) is true only if there are no negative externalities in the market.
A given sum of money received each year for a specific number of years is called a(n)
a. bond b. perpetuity c. debt d. discount e. annuity
Unemployment insurance programs provide benefits to permanently unemployed people
a. True b. False Indicate whether the statement is true or false