Since 2001, the U.S. government budget deficit
A) has been approximately equal to 10% of U.S. GDP.
B) as a percentage of U.S. GDP has increased steadily each year.
C) as a percentage of U.S. GDP has decreased steadily each year.
D) none of the above.
D
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Leakages are offset by investment and government spending in the circular flow model
a. True b. False Indicate whether the statement is true or false
The more progressive the tax system, the:
A. less is the effect of crowding out on the economy. B. greater is the severity of business fluctuations on the economy. C. less is the built-in stability for the economy. D. greater is the built-in stability for the economy.
If there is an outward shift in U.S. demand for French goods, the result will be
A. a decrease in euros traded. B. an inward shift in French demand for U.S. goods. C. an increase in the dollar price of a euro. D. a decrease in the dollar price of a euro.
Assume that you borrow $2000 at 10% annual interest to finance a new business project. For this loan to be profitable, the minimum amount this project must generate in annual earnings is
A) $400. B) $201. C) $200. D) $199.