Government borrowing in any given year is equal to the budget ___________________.
a. deficit
b. surplus
c. total
d. amount
a. deficit
You might also like to view...
The International Monetary Fund (IMF) is an international organization designed to
A) promote world economic growth via loans to developed nations. B) promote world economic growth by means of greater financial stability. C) circulate a single currency worldwide. D) act as the world's central bank.
The long-run money demand curve shows
A) that the value of money influences the quantity of money that households and firms plan to hold. B) how the Fed determines the appropriate interest rate. C) the relationship between real GDP and money demand. D) that the value of money is directly related to the quantity of money demanded. E) the relationship between potential GDP and money demand.
When negative externalities exist in a market, if the producers are forced to pay a Pigouvian tax then:
A. those who interact in the market will lose surplus. B. those who interact in the market will gain surplus. C. producers will gain surplus. D. those who do not interact in the market but are affected by the externality will lose surplus.
Real GDP means GDP:
a. valued at prices in a base year. b. that does not change from year to year. c. corrected for changes in quality. d. valued at prices at which goods are actually sold.