Since 1975, U.S. exports and imports have:
A. grown absolutely but remained a constant proportion of GDP.
B. grown absolutely but declined as a proportion of GDP.
C. grown both absolutely and as a percentage of GDP.
D. declined both absolutely and as a percentage of GDP.
C. grown both absolutely and as a percentage of GDP.
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According to the crowding-out view, budget deficits will:
a. reduce interest rates. b. increase interest rates and retard private investment. c. reduce the investments of foreigners in the United States. d. increase the capital stock available to future generations.
The city of Hope has a labor force of 1000. Twenty people lose their jobs each month and remain unemployed for exactly one month before finding jobs. On January 1, May 1, and September 1 of each year, 50 people lose their jobs for a period of four months before finding new jobs. What is the unemployment rate in any given month?
A. 2% B. 7% C. 3% D. 5%
An income statement shows a firm's revenue, costs, and profit
A) since the firm has been in operation. B) for the firm's fiscal year. C) only if the firm is earning an accounting profit. D) for a particular day.
Transfer payments are included in government budgets as spending, but are not included in the government purchases category of GDP
a. True b. False