The current deficit is
A. the deficit minus current expenditures.
B. the deficit minus depreciation.
C. the deficit plus net interest payments.
D. the deficit minus government investment.
Answer: D
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Reserve requirements apply to
A) life insurance companies. B) investment banks. C) credit unions. D) stock brokers.
If the prices of inputs change, what will happen to the aggregate supply curve?
A. The aggregate supply curve does not move, but the economy moves along the curve. B. The aggregate supply curve depends on whether the input prices rise or fall. C. The curve will become flatter or steeper depending on whether the input prices rise or fall. D. The aggregate supply curve shifts inward or outward depending on whether the input prices rise or fall.
When the balance of trade is in balance, we know with certainty that
A) the value of all debit transactions equals the value of all credit transactions. B) the value of exports of goods equals the value of imports of goods. C) the value of capital exports equals the value of capital imports. D) the value of exports of goods and services equals the value of imports of goods and services.
Which of the following would tend to reduce overall health care expenses?
A. An increase in national income B. Higher technology in medical care C. A reduction in the incidence of third-party payers D. An increase in court awards of damages in malpractice lawsuits