The only way to reduce the national debt is to run budget surpluses.
Answer the following statement true (T) or false (F)
True
Whenever there's a budget deficit, the national debt increases. On the other hand, the debt would decrease if the federal government ran a budget surplus.
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Refer to Figure 13-3. Which of the points in the above graph are possible long-run equilibria?
A) B and D B) A and D C) A and C D) A and B
A multinational enterprise is defined as a company that
A) controls production assets in more than one country. B) has board members from a variety of countries. C) exists primarily to avoid taxes. D) has stock that is publicly traded in many countries.
In the above table, what is the marginal factor cost of the 2nd worker?
A) $24 B) $14 C) $64 D) $12
If nominal GDP rises from $5 billion to $6 billion, when the GDP deflator goes from 100 to 110, real GDP a. rises
b. falls. c. stays the same. d. could either be rising or falling.