The federal government began issuing inflation-indexed Treasury bonds in
A) 1913.
B) 1989.
C) 1997.
D) 2001.
C
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We go from Gross to Net Domestic Product by
A) adding depreciation to GDP. B) subtracting depreciation from GDP. C) adding indirect business taxes to GDP. D) subtracting indirect business taxes from GDP.
Based on current budget projections, in the U.S. over the next 20 years the
a. structural deficit rises will fall sharply as tax revenues rise. b. cyclical deficit will fall as the economy expands. c. structural deficit will rise sharply as a higher proportion of the population retires. d. structural deficit will fall sharply as more people enter the workforce. e. none of the above.
The lag between an increase in government spending and the impact of this increased spending on the economy is called the __________ lag
A) effectiveness B) transmission C) legislative D) data
Answer the following statement(s) true (T) or false (F)
1. Economists have shown that economic growth results in political freedom. 2. On average, societies where saving some of one’s income is favored over spending it grow at a slower rate than other societies. 3. Investments by foreigners tend to reduce a country’s growth over the long run. 4. While some economists believe that improvements in infrastructure can increase productivity, other economists believe that increased productivity leads to better infrastructure. 5. A government can improve productivity by investing in research and development.