In 2012, the public debt in the U.S. on a per capita basis was about:
A. $100,000
B. $38,000
C. $75,000
D. $52,000
D. $52,000
You might also like to view...
If nominal GDP is $10 trillion, and velocity is 10, the money supply is
A) $1 trillion. B) $5 trillion. C) $10 trillion. D) $100 trillion.
One interesting aspect of the California Gold Rush was
a. the initial absence of property rights to land. b. the use of indentured servants as a labor force in mines. c. the absence of violence in the gold fields. d. the formation of unions that negotiated wages and hours on behalf of miners. e. Both a and c are correct.
In many cases the Coase theorem does not work well because
a. there are too few parties at the negotiation table. b. the government does not know about the Coase theorem. c. transaction costs are too high. d. transaction costs are too low.
If the economy is currently in equilibrium at a level of GDP that is below potential GDP, what would move the economy back to potential GDP
What will be an ideal response?