The table below shows the cyclically-adjusted budget deficit as a percentage of GDP over a five-year period.





Refer to the information above



A. Year 2



B. Year 3



C. Year 4



D. Year 5


B. Year 3

Economics

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From the data in the above table, GDP equals

A) $1,120. B) $1,280. C) $1,290. D) $1,360.

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An analysis of IBM's pricing decisions would be classified as a macroeconomic study

a. True b. False Indicate whether the statement is true or false

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When a market is corrected for externalities, it:

A. is equitable and makes everyone better off. B. is efficient and maximizes surplus. C. needs government regulation to maintain. D. All of these statements are true.

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In order to be effective, a price ceiling

A) must be set above equilibrium price. B) must be set below equilibrium price. C) must be set at equilibrium price. D) must be a zero price.

Economics