As of 2013, how large is the debt of developing countries to the rest of the world?
A) $350 million
B) $350 billion
C) $7 trillion
D) $35 trillion
E) $3.5 trillion
C
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Economists generally define economic growth as an increase in real income per capita
a. True b. False Indicate whether the statement is true or false
In 2010 and 2011, President Obama advocated deficit reduction through decreased spending while Republicans in Congress advocated increased taxation to achieve the same goal
a. True b. False Indicate whether the statement is true or false
By 2016, the dollar value of the debt had climbed:
A. to 104 percent of GDP. B. to $800 billion. C. to just under $500 billion. D. down to 80 percent of GDP.
Economic stagnation coupled with high inflation is commonly called:
A. stagflation. B. inflationary stagnation. C. stagnatory growth. D. inflagnation.