In economics, the demand for money is basically a demand for

Cuba spends the highest percentage of GDP (18.7 percent) on education while the United States is the 38th highest spender with 5.7 percent of GDP

If spending on education is important for economic growth, which of the following statements explain why Cuba's economic growth rate is lower than the U.S. economic growth rate? (data from United Nations Human Development Programme) A) Cuba trades with many more countries than does the United States. B) Cuba doesn't offer property rights that promote innovation. C) Cuba's population is smaller than the U.S. population. D) all of the above explain why Cuba's economic growth rate is lower than the U.S. economic growth rate.

At the end of 2012, the government had a debt of about $11.3 trillion. If during 2013 real GDP rose 2% and inflation was 2.2%, what is the largest deficit the government could have run without raising the debt-to-GDP ratio?

a. about $226.0 billion b. about $248.6 billion c. about $474.6 billion d. about $561.8 billion