As a percentage of GNP, the U.S.federal debt
A) sharply increased in the 1980s, decreased in the 1990s, and increased again after 2000
B) decreased steadily from World War II to the year 2000
C) increased steadily from 1960 to 2013
D) was never lower than 20 percent
E) never exceeded 100 percent
Correct Answer:
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Q18: As defined in our text, private domestic
Q19: Which of the following statements is true?
A)NDP
Q20: If gross investment were zero, which of
Q21: The PCE deflator measures
A)the average price increase
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Q24: If we look at U.S.net exports over
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Q26: If national income is 5,200, disposable income
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Q28: Assume the budget deficit decreased by $15
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