In the diagram of the budget line BB, a rise in government expenditure shifts BB ________, so that an unchanged GDP the budget deficit ________
A) downward, rises
B) downward, falls
C) downward, remains unchanged
D) upward, rises
E) upward, falls
A
You might also like to view...
To calculate GDP it is necessary to add up the market value of all the ________ produced within a country during a year
A) intermediate goods and services produced and all the final goods and services produced B) intermediate goods and services produced C) goods but not services produced D) final goods and services produced E) goods and services produced
The government collects tax revenue of $100 million and has $105 million in outlays. The budget balance is a
A) surplus of $5 million. B) deficit of $5 million. C) surplus of $105 million. D) deficit of $105 million. E) surplus of $100 million and a deficit of $105 million.
Since 1960, which of the following countries had average growth rates in real GDP per person higher than that of the United States?
A) Singapore B) Hong Kong C) South Korea D) All of the above answers are correct.
Explicit costs are nonmonetary costs
Indicate whether the statement is true or false