The Federal budget deficit is calculated each year by:
a. Subtracting government spending from government revenues
b. Subtracting consumption and investment from government spending
c. Adding up consumption, investment, government purchases, and net exports
d. Adding up the difference between government revenues and spending over the years of the nation's existence
a. Subtracting government spending from government revenues
You might also like to view...
Economies of scale and specialization are characteristics of
A. comparative and absolute advantage B. factors of production C. economics of scale D. call centers in India
Spending on programs for which there is an existing legal obligation is labeled
A. entitlement spending. B. obligatory. C. discretionary. D. mandatory.
You borrow money to buy a house in 2009 at a fixed interest rate of 5.5 percent. By 2012, the inflation rate has steadily fallen to 1.5 percent from the recent high of 3.0 percent in 2009. Considering only your mortgage, is inflation good news or bad news for you?
A. bad news, because inflation hurts everyone B. bad news, because it makes the real value of your mortgage payments increase C. good news, because it makes the real value of your mortgage payments decrease D. bad news, because it makes the nominal value of your mortgage payments increase
In pushing decision rights down to the people with the knowledge about processes or customer preferences, it is important that companies:
A. use their reward systems to reinforce their performance or evaluation systems. B. integrate production management with production control. C. keep issues of organizational architecture out of the picture. D. keep their reward systems independent of other factors.