Approximately _____ percent of state and local spending in 2007 was for the purchase of goods and services
a. 90
b. 72
c. 40
d. 15
e. 5
B
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Currency devaluations hurt
a. Consumers but help suppliers b. Suppliers c. Suppliers but help consumers d. None of the above
Medicare is the
a. government's health plan for the elderly. b. government's health plan for the poor. c. another name for Social Security. d. Both a and c are correct.
Since 1960, the only period of several years when the full-employment government budget deficit was negative (that is, there was a full-employment surplus) was
A. from 2000 to 2005. B. the early 1970s. C. the late 1990s and early 2000s. D. the mid-1980s.
If over a short time a large number of teenagers become old enough to find employment and a much smaller number of people retire, then productivity
a. and real GDP per person rise. b. rises but real GDP per person falls. c. falls but real GDP per person rises. d. and real GDP per person fall.