To correct the budget deficit for inflation, we should
a. multiply the budget deficit by the price deflator for GDP.
b. subtract interest payments from tax revenues.
c. divide the budget deficit by nominal GDP.
d. divide the budget deficit by the consumer price index.
c
Economics
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Technological efficiency is
A) a necessary and sufficient condition for profit maximization. B) a sufficient but not necessary condition for profit maximization. C) a necessary but not sufficient condition for profit maximization. D) a theoretical construct with little connection to the real world.
Economics
The U.S. Congress first instituted a minimum wage in
a. 1776. b. 1812. c. 1938. d. 1975.
Economics