GDP provides an indication of:
A. how much of a country's debt is external rather than internal.
B. how big a national debt a country can handle.
C. how much interest will have to be paid on the national debt.
D. the inflation-adjusted burden of a country's debt.
Answer: B
You might also like to view...
Refer to Table 11.1. At the equilibrium level of output, y*, what is the trade balance?
A) -1,345.00 B) -985.00 C) -276.25 D) -186.25
In the figure above, Joe is producing at point A. Joe's opportunity cost of producing one shirt is
A) 5/3 of a pair of pants per shirt. B) 3/5 of a pair of pants per shirt. C) 5 pairs of pants per shirt. D) 2 pairs of pants per shirt.
The McFadden Act was passed to prevent
A) banks from competing on the basis of deposit rates. B) foreign banks from operating in the United States. C) large nationwide banks from forming. D) banks from holding corporate stock as an asset.
As the wage rate increases,
a. the demand for labor decreases. b. the demand for labor increases. c. the quantity demanded for labor decreases. d. the quantity demanded for labor increases.