The percentage of national income spent on health care
A. has steadily decreased since 1965.
B. decreased until the end of the 1970s and then increased in the 1980s and 2000s.
C. increased until the end of the 1970s and then decreased in the 1980s and 2000s.
D. has steadily increased since 1965.
Answer: D
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Securities markets perform a valuable economic function because they provide
A. an opportunity for investors to make money in a short time. B. the principal indicator of the performance of the U.S. economy. C. an easy way to transfer corporate securities, thereby reducing risk to investors. D. assurance that stock purchasers can get back the purchase price of their stock.
A major macroeconomic leakage from the circular flow is:
a. Saving b. Gross private domestic investment c. Government spending. d. All of the above. e. None of the above.
Compared to the poverty rate for blacks, the poverty rate for whites is a fraction of less than ______.
Fill in the blank(s) with the appropriate word(s).
The statistical measure of the weighted average of prices of goods purchased by a typical individual is called the
A. Producer Price Index. B. Consumer Price Index. C. Gross Domestic Product (GDP) deflator. D. Personal Consumption Expenditure Index.