You own a house in Malibu, CA. During the recent downturn in the house values in the area your house's value declined by $100,000. If you do not sell your home during this period, your economic income ________ and your taxable income ________.
A. fell; was unchanged
B. was unchanged; fell
C. fell; fell
D. was unchanged; was unchanged
Answer: A
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The U.S. bond rating was devalued from AAA to AA+ in 2011 due to the rise in government debt
a. True b. False Indicate whether the statement is true or false
Since 1990, recovery from all three recessions could be called _________________ recoveries generating a larger increase in national debt than previous recessions.
Fill in the blank(s) with the appropriate word(s).
A stronger dollar would be a good policy if the U.S. government wanted to:
A. increase exports and reduce the trade balance. B. reduce imports and increase the trade balance. C. increase the trade balance and lower inflation. D. reduce the trade balance and lower inflation.
What was the largest U.S. fishery, in dollar terms, in 2010?
A. Pacific halibut. B. Lobster. C. Walleye pollock. D. Sea scallop.