In June of 2010, the government had a debt of about $8.6 trillion. Over the next year real GDP grew by about 1.6% and inflation was about 2%. What is the largest deficit the government could have run over this time without raising the debt-to-GDP ratio?
a. about $68.8 billion
b. about $137.6 billion
c. about $275.2 billion
d. about $309.6 billion
d
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The Japanese currency is called the
A) DM. B) Yen. C) Euro. D) Dollar. E) Pound.
Suppose the market demand curve for pizza can be expressed as QD = 100 - 2P + 3Pb, where QD is the quantity of pizza demanded, P is the price of pizza, and Pb is the price of a burrito
What is the relationship between burritos and pizza, from the point of view of consumers? A) They are independent. B) They are complements. C) They are substitutes. D) Not enough information to answer the question.
Refer to the table shown. The average total cost of producing 5 units of output is:Units of outputTotal cost05111216320423525626
A. $25. B. $15. C. $10. D. $5.
The additional utility from her purchase of a third scented candle would be
Table: Demand and Utility Schedules for packs of scented candles
A. $4.
B. $5.
C. $6.
D. $15.