The table above gives a nation's investment demand and saving supply schedules. It also has the government's net taxes and expenditures. The government has a budget
A) surplus of $60 billion.
B) deficit of $20 billion.
C) surplus of $20 billion.
D) deficit of $60 billion.
E) surplus of $40 billion.
C
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Based on the information in Scenario 1, nominal GDP grew by about ________ percent from 2015 to 2016
A) 23 B) 31 C) 62 D) 162
Interest rate differentials can cause rapid fluctuations in short-run exchange rates
a. True b. False Indicate whether the statement is true or false
When constructing a production possibilities frontier, which of the following assumptions is not made?
a. The economy produces only two goods or two types of goods. b. Firms produce goods using factors of production. c. The technology available to firms is given. d. The quantities of the factors of production that are available are increasing over the relevant time period.
A book that sells new for $100 will typically sell used for around
A. $100. B. $75. C. $50. D. $25.