Over the past half-century, government transfer payments have increased. As a result ________
A) interest payments on government debt have declined
B) government expenditures have become a larger portion of GDP
C) the volatility of investment expenditures has declined
D) net exports have been positive in most years
E) none of the above
E
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The income per worker of a country increases if ________
A) the number of children in the country aged below 15 increases B) the country's GDP increases, all other variables remaining constant C) the number of retired people in the country increases D) the country's GDP falls, all other variables remaining constant
Which of the following statements about U.S. international trade in 2013 is CORRECT?
A) The value of U.S. exports exceeded the value of U.S. imports. B) The value of U.S. exports was about 33 percent of the value of total U.S. production. C) The United States imported only goods. D) The United States was the world's largest trader.
A coupon bond that has no maturity date and no repayment of principal is called a
A) consol. B) cabinet. C) Treasury bill. D) Treasury note.
A production possibilities frontier will shift outward if there is an improvement in technology
a. True b. False