The U.S. spent 3 percent of GDP building and maintaining the public infrastructure between 1950 and 1970 . Since 1980, that share has:
a. decreased slightly to 2 percent
b. decreased all the way to zero.
c. stayed constant at 3 percent.
d. increased slightly to 4 percent.
e. increased significantly to 8 percent.
a
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If there is a basic surplus but a positive total deficit, then
A) interest cost > basic surplus. B) interest cost < basic surplus. C) interest cost > positive total deficit. D) interest cost < positive total deficit.
If an increase occurs in the demand for the output of industry A, we would expect all of the following to happen except: a. an increase in the profits of industry A
b. a decrease in prices of inputs used in the production of A. c. an increase in the output of industry A. d. an increase in the demand for inputs used in the production of A.
The answer is: "There is a net loss to society." What is the question?
A) What causes the distributional effects to outweigh the aggregate effects? B) What is an effect of a reduction in producers' surplus? C) What is an effect of consumers' surplus? D) What is the effect of a tariff instead of a quota? E) none of the above
Which of the following economic activities is ignored in GDP accounts?
What will be an ideal response?