Gross public debt is the amount of funds that
A) U.S. residents owe to foreign residents.
B) the federal government owes to all holders of U.S. securities.
C) the federal government owes to taxpayers.
D) states owe to the federal government.
B
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When I buy an $12.00 movie ticket rather than two paperback books, the opportunity cost of going to the movie is the two paperback books I did not buy
Indicate whether the statement is true or false
A bank's assets are
A) things the bank owes to someone else. B) things owned by or owed to the bank. C) a measure of the bank's net worth. D) always greater than the bank's liabilities.
The dynamic OLS (DOLS) estimator of the cointegrating coefficient, if Yt and Xt are cointegrated,
A) is efficient in large samples B) statistical inference about the cointegrating coefficient is valid C) the t-statistic constructed using the DOLS estimator with HAC standard errors has a standard normal distribution in large samples D) all of the above
Movement of the fast-growing Asian nations through the demographic transition may have had an impact on growth rates because it
A) reduced expenditures on health care. B) reduced expenditures on pensions. C) increased savings. D) increased consumption relative to GDP. E) increased the number of retired people.