Interest payments account for about ___ percent of U.S. national income.
A. 1
B. 3
C. 9
D. 12
Answer: B
You might also like to view...
A firm's marginal cost is $82, its average total cost is $50, and its output is 800 units. Its total cost of producing 801 units is
A) less than $40,000. B) between $40,000 and $40,050. C) between $40,050 and $40,080. D) greater than $40,080.
Which of the following variables is likely to serve as an intermediate target for monetary policy?
A) Money supply B) Inflation rate C) Open-market operations D) Unemployment rate
The greater the interest rate
A. the greater the opportunity cost of another dollar of current consumption. B. the greater the present value of a sum to be received a year in the future. C. the lower the discount rate. D. the less a dollar invested today will be worth a year from now.
Crowding out is the idea that when
A. government spending is increased in one area, it must be decreased in another. B. private spending is increased, it must be decreased in another. C. one entitlement recipient enters a program, another must leave. D. government spending is increased, private spending must decrease.