When government expenditures exceed government revenues a budget surplus will exist
Indicate whether the statement is true or false
F
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Use the above table. When real disposable income is $125
A) APC = 0.80. B) MPS = 0.96. C) APS = 0.20. D) APC = 0.96.
You borrow $10,000 from a bank for one year at a nominal interest rate of 5%. If inflation over the year is 2%, what is the real interest rate you are paying?
A) 2% B) 2.5% C) 3% D) 5%
The following table describes utility for consuming cans of soda. At what point does the law of diminishing marginal utility set in?Cans of SodaTotal utility114230347457556650742
A. Marginal utility never diminishes. B. Between three and four cans C. Marginal utility diminishes everywhere. D. Between four and five cans
Which of the following is true about U.S. energy consumption and per capita real GDP since 1988?
A. Per capita energy consumption and per capita real GDP have both risen. B. Per capita consumption of energy has been relatively constant, while per capita real GDP has risen. C. Per capita energy consumption and per capita real GDP have both fallen. D. Per capita energy consumption has fallen, while per capita real GDP has risen.