The dire predictions about the underfunded nature of Social Security, Medicare, and state and local pensions could be wrong because
A. interest rates may turn out to be higher in the future.
B. taxable incomes may turn out to be lower than they are currently predicted to be.
C. modest changes to the programs could be enacted soon.
D. unemployment rates may turn out to be higher than they are currently predicted to be.
Answer: C
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From the table above, which gives data about the U.S. labor market in 1933, the labor force participation rate is
A) 12 percent. B) 48 percent. C) 60 percent. D) 95 percent. E) 65 percent.
If net foreign investment in the United States is positive, how must national saving and domestic investment be related? (Assume that the capital account is zero and net transfers are zero.)
A) Domestic investment can be greater than or less than national saving. B) Domestic investment must be greater than national saving. C) Domestic investment must be less than national saving. D) Domestic investment and national saving must also be positive.
Modern research suggests that colonial Americans experienced positive rates of economic growth but not a high quality of life
Indicate whether the statement is true or false
What are the shortcomings of using changes in per capita real GDP to measure economic growth?
What will be an ideal response?