China's State Council has encouraged more spending to "improve transportation links and other infrastructure...." It will also "step up its spending on vocational training and other educational programs for adults." www.nytimes
com, Keith Bradsher, October 19, 2008 Suppose that capital goods are on the vertical axis while consumption goods are on the horizontal axis of China's PPF. As a result of enacting the policies, China's PPF will A) shift outward.
B) shift inward.
C) rotate outward.
D) become flatter.
A
Economics
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Refer to Scenario 12.1. Assume Jennifer gave up smoking for only one year and invested that money ($2,190 ) at the 5 percent interest rate. How much would the investment be worth in 35 years?
A) $2,300 B) $12,080 C) $32,445 D) $80,483
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The amount by which federal tax revenues exceed federal government expenditures during a particular year is the:
A. Federal Reserve. B. budget deficit. C. budget surplus. D. public debt.
Economics