Social Security expenditures in the U.S. for 2006 made up approximately what percent of GDP?
a. 5 percent
b. 12 percent
c. 50 percent
d. 75 percent
e. 1 percent
B
Economics
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Use the following graph to answer the next question.
The size of the multiplier associated with changes in government spending in this economy is
A. 3.50. B. 5.00. C. 6.67. D. 2.00.
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What is meant by allocative efficiency? How does a perfectly competitive firm achieve allocative efficiency?
What will be an ideal response?
Economics
A credit market instrument that requires the borrower to make the same payment every period until the maturity date is known as a
A) simple loan. B) fixed-payment loan. C) coupon bond. D) discount bond.
Economics
Equilibrium price is _____ and equilibrium quantity is _____ units.
A. $8; 9
B. $7; 10
C. $6; 10
D. $5; 9
Economics