A government debt larger than the economy's GDP ________
A) is an example of debt repudiation
B) is a predictor of future large budget deficits
C) is a consequence of debt intolerance
D) is a possible consequence of tax smoothing
D
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In 2007, the interest rate banks in France charge each other for loans was 4.86 percent. The inflation rate in France in 2007 was 2.8 percent. The real interest rate in France is
A) 7.62 percent B) 2.06 percent. C) 0.58 percent. D) 13.6 percent.
Disposable personal income is equal to personal income minus personal tax payments
Indicate whether the statement is true or false
Of the curves displayed in the graph shown, what does curve B most likely represent?
A. Average variable cost B. Marginal cost C. Average fixed cost D. Average total cost
Which of the following is an example of double counting in regards to GDP?
a. counting the value of two products often bought together, such as chips and dip b. counting the value of sweaters that are inferior quality c. counting the value of plastic used to make model kits as well as the final kit itself d. counting the value of products that have two or more components such a TV with a remote control