By 2016, the dollar value of the debt had climbed:
A. to 104 percent of GDP.
B. to $800 billion.
C. to just under $500 billion.
D. down to 80 percent of GDP.
Answer: A
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Suppose that you could buy a one-year bond today, which has an interest rate of 3%. If you wait a year and buy a one-year bond then, the interest rate will be 4%. Two years from now, a one-year bond is expected to offer an interest rate of 5%
According to the expectations theory of the term structure of interest rates, what is the interest rate on a two-year bond today? What is the interest rate on a three-year bond today?
If the product produced by workers experiences a decrease in demand, the value of marginal product of labor will:
A. increase, increasing the demand for labor. B. increase, decreasing the demand for labor. C. decrease, increasing the demand for labor. D. decrease, decreasing the demand for labor.
Everyone faces scarcity
a. True b. False Indicate whether the statement is true or false
An inferior good is one that
a. people consume if their income falls b. people consume more of if their income falls c. people never consume d. people consume if their income rises e. people consume more of if their income rises