Net public debt is the
A. sum of accumulated government deficits and surpluses held by large money center banks.
B. difference between tax revenues and government expenditures each year.
C. sum of accumulated government deficits and surpluses held by U.S. government agencies.
D. sum of accumulated government deficits and surpluses held by individuals and businesses and foreign institutions.
Answer: D
You might also like to view...
The figure above shows the market for annual influenza immunizations the United States. The market equilibrium with no government intervention is ________ because health care generates ________
A) efficient; positive external benefits B) inefficient; positive external benefits C) inefficient; positive external costs D) efficient; positive external costs E) inefficient; public goods
If the interest rate dropped, what would be the effect on spending?
a. Spending on automobiles would decrease. b. Business spending on new capital would decrease. c. Spending on consumer durables would decrease. d. Business spending on new factories would increase. e. Spending on new homes would decrease.
International trade (a key component of globalization) has been linked to lower prices in numerous studies
Indicate whether the statement is true or false
What is the difference between the demand curve and the supply curve for capital?
a. The demand curve slopes downward as marginal product falls, whereas the supply curve is vertical because the amount of capital remains the same regardless of price. b. The demand curve slopes downward as marginal product falls, whereas the supply curve slopes upward because owners are willing to supply more at higher prices. c. The demand curve is U-shaped as marginal costs fall and then rise, whereas the supply curve slopes upward because owners are willing to supply more at higher prices. d. The demand curve slopes upward as marginal product falls, whereas the supply curve slopes downward when owners are willing to supply less at lower prices.