On the island country of Sunshine where the unit of currency is fish, net exports are 50 fish, saving is 250 fish, net taxes are 100 fish, and the government budget deficit is 175 fish. The private sector has a ________
A) deficit of 125 fish
B) surplus of 125 fish
C) deficit of 225 fish
D) surplus of 225 fish
D
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Which of the following is a reason for long-run potential growth of real GDP?
A) yearly growth of the labor force B) growth of the stock of physical capital over time C) improvements in technology over time D) all of the above
Which of the following would decrease the size of a federal budget deficit?
a. A recession b. An increase in defense spending c. An increase in the use of automatic stabilizers d. An increase in taxes e. An increase in transfer payments
Human capital consists of computers, tools and equipment owned by private individuals
a. True b. False Indicate whether the statement is true or false
The most likely group of the following that would be eligible for unemployment insurance benefits is
A. new college graduates looking for their first job. B. mothers returning to the labor force after caring for young children. C. workers who quit their jobs. D. experienced workers recently laid off.