The total public debt as a percentage of GDP for the United States in 2011 was in the vicinity of
a. 25 percent.
b. 70 percent.
c. 90 percent.
d. 120 percent.
b. 70 percent.
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Using the data in the above table, what is the average product of three employees?
A) 2 pizzas per hour B) 3 pizzas per hour C) 4 pizzas per hour D) 12 pizzas per hour
If you borrow money at a nominal interest rate of 5 percent and the inflation rate is 10 percent, what real interest rate will you pay?
a. -5 percent b. 0.5 percent c. 2 percent d. 5 percent e. 10 percent
An economic variable that moves in the opposite direction as aggregate economic activity in the business cycle is called:
(a) Acyclical; (b) Procyclical; (c) Countercyclical; (d) A leading variable.
The New Deal legislation passed by President Roosevelt was inspired by
A. economic problems caused by World War I. B. normal business cycles. C. the Irish potato famine of 1927. D. the Great Depression