In 2009, the U.S.federal budget deficit was
A) about $540 billion or roughly 3 percent of GDP
B) about $820 billion or roughly 4 percent of GDP
C) about $1.1 trillion or roughly 8 percent of GDP
D) about $1.4 trillion or roughly 10 percent of GDP
E) about $12.5 trillion and only slightly lower than GDP
Correct Answer:
Verified
Q40: If the savings function is of the
Q41: Assume a model where marginal propensity to
Q42: Assume a model with income taxes in
Q43: In a model with income taxes, if
Q44: Assume the savings function is defined as
Q45: In a model with income taxes, assume
Q46: The full-employment budget surplus increases if
A)government transfer
Q47: A decrease in the income tax rate
Q49: A decrease in the full-employment budget surplus
Q50: If the full-employment budget surplus is positive
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